Ferrari N.V. (NYSE:RACE) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET
Company Participants
Benedetto Vigna - Chief Executive Officer
Antonio Picca Piccon - Chief Financial Officer
Conference Call Participants
John Murphy - Bank of America Merrill Lynch
Michael Binetti - Evercore ISI
George Galliers - Goldman Sachs
Thomas Besson - Kepler Cheuvreux
Henning Cosman - Barclays
Stephen Reitman - Bernstein
Martino de Ambroggi - Equita
Anthony Dick - ODDO BHF
Monica Bosio - Intesa SanPaolo
Operator
Good day, and thank you for standing by. Welcome to the Ferrari 2024 Q2 Results Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [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, [Aldo Benedetti], Investor Relations Manager. Please go ahead.
Unidentified Company Representative
Thank you, Evan, and welcome to everyone, who is joining us. Today, we plan to cover the Group's operating results of the second quarter of 2024. 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 covered by this language.
With that said, I'd like to turn the call over to Benedetto.
Benedetto Vigna
Thank you, everyone for joining us today. I'd like to open today's call with heartfelt thank you, firstly to our clients for their continuous trust in our brand; secondly, to all our partners, suppliers, dealers and sponsors with whom we have continued to strengthen our relationship; and last but not least, to all our Ferrari colleagues, for their outstanding working passion supported by a strong sense of belonging. Many important milestone and positive achievement took place in this second quarter, among which our victory at the 24 Hours of Le Mans for the second year in a row.
During today's call, I will touch upon the following four key achievements: One, very strong Q2 financial result and the continued smooth execution of the year; two, a solid order book which has evolved as expected with the new Dodici Cilindri Spider and Coupe guiding the order intake; three, a full week of activities in June dedicated to sustainable innovation. This involved all our stakeholders and culminated in the inauguration of the e-building exactly two years from its announcement at the Capital Market Day. We really made it. Fourth, build progress in raising our lifestyle, we've announced the cohesion across our company's resource.