Q3 2025 Ferrari NV Earnings Call Transcript
Key Points
- Ferrari NV (RACE) reported strong Q3 2025 financial results with total revenues reaching approximately EUR1.8 billion, a 7.4% growth year over year.
- The company achieved a strong profitability with EBIT of over EUR500 million and an industrial free cash flow of EUR365 million.
- Ferrari NV (RACE) revised its 2025 guidance upwards, exceeding the profitability target originally set for 2026, demonstrating strong business performance and confidence in future growth.
- The order book extends well into 2027, indicating strong demand for new models such as the 849 Testarossa family and the Amalfi.
- Ferrari NV (RACE) continues to innovate with plans to offer an average of four new models per year between 2026 and 2030, across ICE, hybrid, and electric powertrains, catering to diverse client needs.
- The macroeconomic environment remains uncertain and extremely volatile, posing potential risks to Ferrari NV (RACE)'s business operations.
- Incremental US import tariffs and foreign exchange rate headwinds negatively impacted the company's financial performance in Q3 2025.
- Lower deliveries of the Daytona SP3 and the phase-out of certain models affected the product mix and revenue growth.
- The company anticipates lower deliveries year over year in Q4 2025 due to a significant changeover of models.
- There are concerns about potential order cancellations in the US market due to changes in consumer behavior and residual values.
Good day, and thank you for standing by. Welcome to the Ferrari Q3 2025 results conference call and webcast. (Operator Instructions) Please note that today's conference is being recorded.
I would now like to turn the conference over to your speaker, Nicoletta Russo, Head of Investor Relations. Please go ahead.
Thank you, Raja, and welcome to everyone who is joining us. Today, we plan to cover the group's third-quarter 2025 operating results, and the duration of the call is expected to be around 45 minutes. Today's call will be hosted by the Group CEO, Mr. Benedetto Vigna; and Group CFO, Mr. Antonio Picca Piccon.
All relevant materials are available in the Investors section of the Ferrari corporate website. And at the end of the presentation, we will be available to answer your questions.
Before we begin, let me remind you that any forward-looking statements we might make during today's call are subject to the risks and uncertainties mentioned in the Safe Harbor statement
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