Core Insights - The article emphasizes the importance of long-term growth and dividend growth investing, particularly focusing on profitability as a key driver of gains rather than low valuation [1]. Group 1: Investment Philosophy - The company prioritizes margins, free cash flow stability and growth, and returns on invested capital in its investment strategy [1]. - The approach involves researching stocks within areas of competence and continuously seeking high-quality companies for investment [1]. Group 2: Market Focus - The company monitors both the US and European stock markets to identify undervalued stocks and high-quality dividend-growing companies [1].

FY 2024 RESULTS MARANELLO, FEBRUARY 4, 2025 Strictly private & confidential – Draft subject to internal and audit committee approval SAFE HARBOR STATEMENT This document, and in particular the section entitled "2025 Guidance", contain forward-looking statements. These statements may include terms such as "may", "will", "expect", "could", "should", "intend", "estimate", "anticipate", "believe", "remain", "continue", "on track", "successful", "grow", "design", "target", "objective", "goal", "forecast", "projec ...

Financial Data and Key Metrics Changes - In 2024, Ferrari achieved record full-year revenues of approximately €6.7 billion, reflecting double-digit growth compared to the previous year [10] - Net profit reached €1.5 billion, with a diluted EPS of €8.46, up 22.6% year-over-year [26] - Industrial free cash flow generation surpassed €1 billion for the first time, despite capital expenditures peaking at around €990 million [27][36] Business Line Data and Key Metrics Changes - Shipments increased by 89 units in 2024, with significant growth in models such as Purosangue, Roma Spider, and 296 GTS [28] - The hybrid share of total shipments reached 51%, driven mainly by the 296 GTS [29] - Personalization accounted for approximately 20% of total revenues from cars and spare parts, supported by models like Purosangue and Daytona SP3 [31] Market Data and Key Metrics Changes - EMEA and Americas regions saw an increase in shipments, representing close to 75% of total shipments, while the Rest of APAC remained flat at 17% [30] - Mainland China, Hong Kong, and Taiwan reduced their share to 9%, aligning with the company's long-term strategy for the region [30] Company Strategy and Development Direction - Ferrari plans to launch six new models in 2025, continuing to focus on both existing and new clients [18][49] - The company aims to enhance client experiences and accelerate the development of its paint shop, while also focusing on carbon neutrality by 2030 [19][20] - The strategy includes a commitment to maintaining brand exclusivity and desirability through limited model releases [51] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning and growth trajectory, despite ongoing global uncertainties [41] - The effective tax rate is expected to rise to around 22.5% in 2025, influenced by the expiration of the previous Patent Box regime [40] - The company anticipates a strong first half of 2025, driven by a favorable product mix and continued demand for personalization [40] Other Important Information - The company achieved a significant milestone with the shutdown of its trigeneration plant, moving towards renewable energy sources [20] - A competitive award of up to approximately €14,400 for employees was announced, alongside certifications for equal pay and gender equality [21] Q&A Session Summary Question: Regarding the model rollout and potential confusion with multiple launches - Management confirmed that the strategy includes targeting both existing and new clients, with different types of cars catering to various customer segments [49][50] Question: Clarification on the mix's impact on P&L and margin expansion - Management explained that the product mix, including special series and personalization, has been a significant contributor to profitability, despite inflationary pressures [53][56] Question: Pricing strategy for the Purosangue and customer profile for the 12Cilindri - A planned price increase for the Purosangue was confirmed, and the 12Cilindri is attracting a mix of new and existing clients, with a notable percentage of younger buyers [63][64] Question: Updates on warranty programs for hybrid batteries - A warranty program for hybrid batteries was launched, with positive traction noted among customers seeking peace of mind regarding battery longevity [68] Question: Number of Daytonas shipped in Q4 - A total of 46 Daytonas were shipped in the fourth quarter, with expectations for a gradual decline in shipments throughout 2025 [76][82] Question: Residual values of hybrids and the impact of upcoming EV launches - Management reassured that the hybrid model plan remains unchanged, and the upcoming electric vehicle will be unique in style and performance [119][120] Question: Insights on average orders per customer - Management indicated that the distribution of orders is not uniform, with some clients preferring specific models, making average order metrics less meaningful [150]

Financial Performance - Ferrari reported quarterly earnings of $2.28 per share, exceeding the Zacks Consensus Estimate of $1.89 per share, and up from $1.74 per share a year ago, representing an earnings surprise of 20.63% [1] - The company posted revenues of $1.85 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 7.24%, compared to $1.64 billion in the same quarter last year [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.26 on revenues of $1.87 billion, and for the current fiscal year, it is $9.26 on revenues of $7.51 billion [7] - The estimate revisions trend for Ferrari is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Automotive - Original Equipment industry, to which Ferrari belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment [5]

Ferrari Stock Rises. Why the Luxury Auto Maker Is Defying China Sales Slump. ...

The Ferrari F50 at Salon Prive London, held at the Royal Chelsea Hospital.Luxury carmaker Ferrari on Tuesday reported a significant upswing in full-year net profit, citing a strong product mix and growing demand for personalization.Ferrari posted net profit of 1.53 billion euros ($1.58 billion) for the full-year 2024 period, reflecting a 21% increase from the previous year.Milan-listed shares of the company rose 4.8% on the news before trading was halted.This is breaking news. Please refresh for updates. ...

Net revenues of Euro 6,677 million, up 11.8% versus prior year, with total shipments of 13,752 unitsOperating profit (EBIT)(1) of Euro 1,888 million, up 16.7% versus prior year, with Operating profit (EBIT) margin of 28.3%Net profit of Euro 1,526 million and diluted EPS at Euro 8.46EBITDA(1) of Euro 2,555 million, up 12.1% versus prior year, with EBITDA margin of 38.3%Industrial free cash flow(1) generation of Euro 1,027 millionCapital Markets Day on October 9, 2025 in Maranello “Quality of revenues over vo ...

Unmatched. Unwavering, Unforgettable. Polaris Delivers Winning Performance to Racers With 30 Purpose-Built RZR Pro R Factory Machines Scanlon Clarke Industries (SCi) and RZR Factory Racing Team Set to Provide Sale Support MINNEAPOLIS, Jan. 31, 2025 /PRNewswire/ -- Polaris Off Road, the leader in off-road vehicle innovation, today announces the availability of the RZR Pro R Factory - a groundbreaking race-ready platform developed by the RZR Racing division and proven in the world's toughest races. As the onl ...

When you think of the next big electric vehicle (EV) stock, you might think of those vying to be the next Tesla, such as Rivian Automotive. Or you might try your luck with a next-generation battery developer, QuantumScape. Or you might stick with the mainstream autos you know and mostly love, Ford Motor Company and General Motors.But you likely wouldn't have thought of Ferrari (RACE 0.56%), which actually sold more hybrids in the third quarter of 2024 than it did vehicles with internal combustion engines. H ...

Maranello (Italy), January 24, 2025 - Ferrari N.V. (“Ferrari”) (NYSE/EXM: RACE) announced today that its financial results for the full year and fourth quarter of 2024 will be released on Tuesday, February 4, 2025. A live audio webcast and conference call of the 2024 full year and fourth quarter results will begin at 2:00 p.m. GMT / 3:00 p.m. CET / 9:00 a.m. EST on Tuesday, February 4. Details for accessing this presentation will be available in the Investors section of Ferrari’s corporate website at https: ...