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 Dick - ODDO BHF
John Murphy - Bank of America
Operator
Good day and thank you for standing by. Welcome to the Ferrari Third Quarter 2023 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 first speaker today, Nicoletta Russo, Head of Investor Relations. Please go ahead.
Nicoletta Russo
Thank you, Nadia, and welcome to everyone who is joining us. Today we plan to cover the group's Q3 2023 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 group's 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 Page 2 of today's presentation. And the call will be governed by this language.
With that said, I'd like to turn the call over to Benedetto.
Benedetto Vigna
Gracias, Nicoletta, and thank you everyone for joining us today. Before we begin, I would like to thank all the women and men of Ferrari for their outstanding work, all our clients for their continuous trust in our brands, and all our partners, suppliers, dealer and sponsors with whom we have continued to strengthen our relations.
In the current macroeconomic context, we are continuing to execute our business plan in line with the trajectory outlined in the last year during our Capital Market Day. And Q3 was once again a quarter full of achievements.
Three are the key messages we want you to focus on. One, record Q3 financial result sustaining our greater confidence towards year end guidance. Two, product and infrastructure development are well on-track in particular on the electrification side with the full electric Ferrari in prototype phase and the e-building proceeding as planned. Three, continued strong brand momentum forward towards by 2 new model launches, the 296 Challenge and 499P Modificata, an outstanding event attendance in Italy and in the United States.