The following is a summary of the Ferrari N.V. (RACE) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Ferrari reported Q3 revenue of €1.6 billion, a 7% increase from the previous year.

• EBIT for the quarter was approximately €470 million with a debit margin of 28.4%, showing a strong product mix and personalization trend.

• Net profit reached €375 million.

• Industrial free cash flow generation exceeded €360 million.

Business Progress:

• The company unveiled the F80 supercar, a limited edition model with 1,200 horsepower, highlighting advancements in hybrid powertrain and engineering. All 799 units are pre-sold.

• The introduction of new models like the Dodici Cilindri Coupe & Spider continue to drive order intake with visibility extending into 2026.

• Transition to a new ERP system was completed, enhancing operational efficiency.

• Ferrari is progressing towards its carbon neutrality target by 2030, having replaced significant methane gas use with renewable energy in Maranello.

Opportunities:

• Continued brand enhancement through events such as the Finali Mondiali and presence in Pebble Beach, attracting a strong community and fostering brand loyalty.

Risks:

• Expected shipment reductions due to ERP transition and adjustments in production, although mitigated by strategic planning.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.