Q2 2025 Ferrari NV Earnings Call Transcript
Key Points
- Ferrari NV (RACE) reported a 4.4% year-over-year revenue growth, reaching approximately EUR 1.8 billion, despite flat deliveries.
- The company achieved strong profitability with an EBITDA exceeding EUR 700 million.
- Ferrari NV (RACE) maintains a robust order book extending into 2027, with new models like the Ferrari Amalfi and 296 Speciale experiencing high demand.
- The production ramp-up of the e-building and the construction of a new paint shop are proceeding as planned, enhancing operational capabilities.
- Ferrari NV (RACE) continues to invest in client centricity, product excellence, and technology advancement, with 341 colleagues awarded for developing patent ideas in 2024.
- The company faces challenges from an uncertain macroeconomic environment, including geopolitical tensions and market volatility.
- Currency fluctuations, particularly the weakness of the US dollar against the euro, have had a slightly negative impact on revenues.
- Ferrari NV (RACE) anticipates a softer product mix in the second half of 2025 due to the phaseout of the Daytona SP3 and the introduction of new models.
- Higher SG&A expenses are expected in the second half of the year due to corporate and commercial activities.
- The company is experiencing some pressure on residual values in key markets like the UK and certain models in the US.
Good day, and thank you for standing by. Welcome to Ferrari 2025 Q2 results conference call. (Operator Instructions). Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Nicoletta Russo, Head of Investor Relations. Please go ahead.
Thank you, Maggie, and welcome to everyone who's joining us. Today, we plan to cover the group's second quarter 2025 operating results, and the duration of the call is expected to be around 60 minutes. Today's call will be hosted by the group CEO, Mr. Benedetto Vigna; and the 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 included on
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
