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Ferrari(RACE) - 2023 Q3 - Earnings Call Transcript
2023-11-03 06:00
Ferrari N.V. (NYSE:RACE) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Nicoletta Russo - Head of Investor Relations Benedetto Vigna - CEO & Executive Director Antonio Piccon - Chief Financial Officer Adam Jonas - Morgan Stanley Thomas Besson - Kepler Cheuvreux Stephen Reitman - Societe Generale Giulio Pescatore - BNP Paribas Monica Bosio - Intesa Sanpaolo Susy Tibaldi - UBS George Galliers - Goldman Sachs Martino De Ambroggi - Equita Henning Cosman - Barclays Anthony Dic ...
Ferrari(RACE) - 2023 Q3 - Quarterly Report
2023-11-02 00:00
Exhibit 99.1 Ferrari N.V. Interim Report At and for the three and nine months ended September 30, 2023 ____________________________________________________________________________________________________ CONTENTS Page BOARD OF DIRECTORS 1 INDEPENDENT AUDITORS 1 CERTAIN DEFINED TERMS 1 INTRODUCTION 2 FORWARD-LOOKING STATEMENTS 3 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Highlights 5 Results of Operations 8 Liquidity and Capital Resources 17 Non-GAAP Financial Measu ...
Ferrari(RACE) - 2023 Q2 - Earnings Call Transcript
2023-08-03 03:20
财务数据和关键指标变化 - 收入近15亿欧元,同比增长14% [13] - 调整后EBITDA约5.9亿欧元,利润率40% [13] - 工业自由现金流约1.4亿欧元 [13] 各条业务线数据和关键指标变化 - 车型和备件收入增长,主要得益于达托纳SP3和812 Competizione系列的贡献,以及个性化选配和定价的强劲表现 [30] - 赞助、商业和品牌收入增长,反映了上一年F1排名的改善、新赞助以及生活方式业务的贡献 [30] - 发动机收入下降,与向玛莎拉蒂供货减少一致 [30] 各个市场数据和关键指标变化 - 欧洲中东非洲地区交付量同比大涨两位数 [28] - 美洲和大中华区交付量同比有所下降,但整体交付量仍保持增长 [28] 公司战略和发展方向及行业竞争 - 公司正在推进电动化和碳中和之旅,包括建设新的电动车生产车间、使用100%再生铝制造发动机等 [22][23] - 公司在赛车领域取得重大胜利,时隔58年再次在勒芒24小时耐力赛夺冠 [14][15] - 公司推出了两款新的特别版车型SF90XX Stradale和Spiders,深受客户欢迎 [16][17] 管理层对经营环境和未来前景的评论 - 公司订单状况依然强劲,延伸至2025年 [11][17] - 公司对个性化选配需求的持续增长以及赛车相关收入的增加表示乐观 [38] - 尽管面临一定的成本压力,但公司有信心维持全年利润率目标 [47] 其他重要信息 - 公司在法国勒芒、韩国首尔和意大利罗马等地组织了多场活动,进一步加强与客户的联系 [18][20][21] - 公司博物馆前六个月客流量同比增长34% [24] 问答环节重要的提问和回答 问题1 **Susy Tibaldi 提问** 询问了公司在成本压力方面的具体影响程度,以及是否考虑调整价格来抵消 [43] **Benedetto Vigna 和 Antonio Picca Piccon 回答** 公司整体承受的通胀压力在4%-5%左右,公司会审慎考虑价格调整,同时也要平衡保护订单状况 [44][47] 问题2 **Giulio Pescatore 提问** 询问了公司为何在下半年预计利润率会大幅下降,以及普罗斯安格交付情况 [54][55] **Antonio Picca Piccon 回答** 第二季度利润率较高受到一些非经常性因素影响,扣除这些因素后,下半年利润率仍将保持在公司全年指引水平 [58][59] 普罗斯安格今年交付量将低于总产量的10% [57] 问题3 **Monica Bosio 提问** 询问了公司在中国市场的交付计划,以及新款特别版车型的客户分布情况 [66][67] **Benedetto Vigna 回答** 公司在中国市场的交付占比将维持在10%-11%的水平 [68] 新款特别版车型主要面向公司高端VIP客户群,客户分布反映了各地区的现有客户基础 [86][87]
Ferrari(RACE) - 2023 Q2 - Quarterly Report
2023-08-02 00:00
Exhibit 99.1 Ferrari N.V. Unaudited Semi-Annual Report At and for the three and six months ended June 30, 2023 ____________________________________________________________________________________________________ CONTENTS Page BOARD OF DIRECTORS 1 INDEPENDENT AUDITORS 1 CERTAIN DEFINED TERMS 1 INTRODUCTION 2 FORWARD-LOOKING STATEMENTS 3 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Highlights 5 Results of Operations 8 Liquidity and Capital Resources 16 Non-GAAP Financi ...
Ferrari(RACE) - 2023 Q1 - Quarterly Report
2023-05-04 00:00
Exhibit 99.1 Ferrari N.V. Interim Report At and for the three months ended March 31, 2023 ____________________________________________________________________________________________________ CONTENTS Page BOARD OF DIRECTORS 1 INDEPENDENT AUDITORS 1 CERTAIN DEFINED TERMS 1 INTRODUCTION 2 FORWARD-LOOKING STATEMENTS 3 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Highlights 5 Results of Operations 7 Liquidity and Capital Resources 12 Non-GAAP Financial Measures 18 Risk F ...
Ferrari(RACE) - 2022 Q4 - Annual Report
2023-02-24 00:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 6-K _______________________________ REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2023 Commission File No. 001-37596 _______________________________ FERRARI N.V. (Translation of Registrant’s Name Into English) _______________________________ Via Abetone Inferiore n.4 I-41053 Maranello (MO) Italy Tel. No.: +39 0536 9 ...
Ferrari(RACE) - 2022 Q4 - Annual Report
2023-02-24 00:00
Ferrari N.V. 2022 ANNUAL REPORT AND FORM 20-F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT ☐ OF 1934 OR ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) O ...