Ferrari N.V.

- The document does not mention any plans or activities related to new fundraising through debt or equity. - It highlights strong financial results, with industrial free cash flow of more than EUR 650 million and a net industrial cash position of approximately EUR 390 million at the end of March. - There is mention of ongoing share repurchases in the quarter, indicating capital return to shareholders rather than new equity issuance. - The net financial position will also reflect a dividend distribution of approximately EUR 640 million following AGM approval. - No direct references to new debt issuance or equity fundraising are present, suggesting no current or planned fundraising in this regard.

- Capital expenditures in Q1 focused mainly on product and infrastructure development. - Construction of a new paint shop is progressing as planned, with completion of external walls and start of equipment installation. - Investments support production capacity and innovation aligned with new model rollouts. - Continued investments in testing infrastructure, such as the recently built e-Vortex track, enhancing quality, safety, and sustainability. - Strategic investments also include technology development for new models (e.g., Ferrari Luce with 60+ patents). - No specific details disclosed about future capex amounts, but investments align with the strategic plan and model launches throughout the year.

- Order book continues to extend further towards the end of 2027, signaling sustained demand. - New models ramp-up planned throughout the year, including 296 Speciale, Amalfi Spider, 849 Testarossa, and the upcoming Ferrari Luce, supporting growth in deliveries. - Product mix shift towards higher-end models and personalization (approx. 20% of car revenues) contributes to revenue growth and pricing strength. - First half and second half profitability more evenly spread than initially planned due to country mix and market adaptations. - Full-year growth targets include offsetting headwinds from industrial costs, R&D, SG&A, and FX with mix and pricing. - Continuous order intake across all models and regions, including strong interest in the Middle East despite geopolitical challenges. - New launches and personalization options expected to sustain volume and ASP growth through 2026.

- Ferrari confirms its full-year 2026 guidance, reflecting strong confidence despite global challenges. - Q1 showed strong and growing earnings supported by an improved product mix and personalization. - Guidance for profitability is now more evenly spread between H1 and H2, due to country and product mix adjustments. - No specific supply-side pressures are expected that would impact profitability. - Industrial free cash flow was strong in Q1, supporting positive financial health. - Headwinds from FX, industrial costs, R&D, and SG&A are expected but anticipated to be offset by pricing and favorable mix. - Order book continues to extend toward end of 2027, indicating sustained demand and revenue visibility. - Personalization remains robust (~20% of revenues), supporting margin expansion. - Management emphasizes flexibility and nimbleness to navigate uncertainty and maintain earnings growth.

- The order book has further extended towards the end of 2027, indicating strong future demand. - The order book is strong and continues to grow with additional client orders, including in the Middle East. - Many new clients are coming in, including those attracted by new models like Ferrari Amalfi. - Personalization accounts for about 20% of revenues from cars and spare parts and remains strong in the order book, though it is less predictable. - No abnormal cancellations have been reported; the situation remains under control. - The company is managing logistics effectively to ensure deliveries, even amid geopolitical challenges. - For the Ferrari Luce, orders will start after the official launch on May 25, 2026; no pre-orders are currently accepted.