Ferrari Slows Down, Q3 Shipment Drop Hits the Brakes On Stock Growth
Ferrari Slows Down, Q3 Shipment Drop Hits the Brakes On Stock Growth
Ferrari N.V. (NYSE:RACE) stock declined after the company reported its third-quarter print and guidance.
法拉利股票下跌，因爲公司報告了第三季度業績及展望。
The company reported fiscal third-quarter 2024 sales growth of 6.5% year-on-year to 1.644 billion euros, beating the analyst consensus estimate of 1.639 billion euros.
公司報告2024財年第三季度銷售增長6.5%，達到16.44億歐元，超出分析師共識估計的16.39億歐元。
Adjusted EPS of 2.08 euros beat the consensus estimate of 1.99 euros.
調整後的每股收益爲2.08歐元，超過1.99歐元的共識估計。
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Revenue from cars and spare parts rose 5.2% year over year, and Sponsorship, commercial, and brand revenues increased by 20.4%. Total shipments declined by 2% year over year to 3,383 units.
汽車和零部件的營收同比增長5.2%，贊助、商業和品牌收入增長20.4%。總裝車量同比下降2%，至3383輛。
Adjusted EBITDA rose 7% Y/Y to 638 million euros, and the margin expanded 20 basis points Y/Y to 38.8%.
調整後的EBITDA同比增長7%，至63800萬歐元，毛利率同比提升20個點子，達到38.8%。
Adjusted net profit for the quarter increased 13% to 375 million euros.
第三季度調整後的淨利潤增長13%，至37500萬歐元。
Operating cash flow totaled 587 million euros with a 338 million euros free cash flow.
經營現金流總額爲58700萬歐元，自由現金流爲33800萬歐元。
As of September, the company's net industrial debt was 246 million euros, compared to 441 million euros at the end of June.
截至九月，該公司的淨工業債務爲24600萬歐元，而六月底爲44100萬歐元。
Ferrari held 1.53 billion euros in cash and equivalents as of September.
截至九月，法拉利持有15.3億歐元現金及現金等價物。
Ferrari's third-quarter results reflect strong growth, driven by a diverse product mix and increased customization, according to CEO Benedetto Vigna. He highlighted Ferrari's adherence to 2022 Capital Markets Day commitments, including sustained order visibility through 2026, ongoing product and process innovation, and progress toward carbon neutrality with the early shutdown of Maranello's gas-fueled plant.
法拉利第三季度業績反映出強勁增長，這得益於多樣化的產品組合和增加的定製化，根據CEO貝內代託·****亞稱，他強調了法拉利對2022年資本市場日的承諾，包括持續的訂單可見度至2026年，持續的產品和流程創新，以及通過提前關閉馬拉內羅燃氣廠實現碳中和目標。
Outlook: Ferrari expects fiscal 2024 net revenues to be greater than 6.55 billion euros (prior >€6.4 billion) against an estimate of 6.65 billion euros.
展望：法拉利預計2024財年的淨收入將超過65.5億歐元（之前超過64億歐元），估計爲66.5億歐元。
The company expects fiscal 2024 adjusted EPS of greater than or equal to 7.90 euros (prior greater than 7.50 euros) versus an estimate of 8.15 euros. Adjusted EBITDA of greater than 2.50 billion euros (prior 2.45 billion euros) with a margin of greater than 38%.
公司預計2024財年調整後的每股收益將不低於7.90歐元（之前大於7.50歐元），預估爲8.15歐元。調整後的EBITDA將超過25億歐元（之前爲24.5億歐元），邊際大於38%。
Ferrari stock gained 41% year-to-date, but fell 7% after the earnings print.
法拉利股票年初至今上漲了41％，但在業績發佈後下跌了7％。
Price Action: RACE stock is down 7.09% at $442.32 at the last check on Tuesday.
股價走勢：週二最後一次檢查時，RACE股價下跌了7.09％，爲442.32美元。
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譯文內容由第三人軟體翻譯。
