Ferrari N.V.

**Strong Q3 Financial Performance:** - Ferrari reported Q3 2024 revenues of EUR 1.6 billion, representing a 7% year-over-year growth. - EBIT reached approximately EUR 470 million with an EBIT margin of 28.4%, driven by a robust product mix as personalization accounted for about 20% of car revenues. - Net profit stood at EUR 375 million, and industrial free cash flow generation exceeded EUR 360 million.

**F80 Supercar Launch:** - The F80 was unveiled as the most powerful road car in Ferrari's history, with 1,200 horsepower and an expected production run of only 799 units. - Deliveries for the F80 are projected to begin in Q4 2025 and will span 2-3 years, suggesting strong future revenue potential.

**Product Mix Concerns:** - The quarterly product mix improved but experienced a sequential decline, attributed to the timing of internal shipments and the lifecycle phase of certain models like the Daytona SP3, raising questions about future revenue dynamics.