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RACE Ferrari NV News Story

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Brief: Ferrari CEO says order book remains strong in Middle East

May 5 (Reuters) - Ferrari top executives tell analysts in a post-earnings call:

CEO WE CONTINUE TO ORGANISE TEST DRIVES IN MIDDLE EAST FOR OUR CLIENTS, OVER 500 IN LAST TWO MONTHS

CEO: FOR FERRARI LUCE WE REGISTERED OVER 60 PATENTS IN SEVERAL DIFFERENT AREAS

CEO: IN LIGHT OF TEMPORARY LOGISTIC CHALLENGES IN MIDDLE EAST, WE IDENTIFIED ALTERNATIVE SOLUTIONS TO CONTINUE SERVING CLIENTS IN THE REGION

CFO: WE HAVE BEEN ABLE TO KEEP DELIVERIES FLAT Y/Y IN MIDDLE EAST IN Q1

CEO: WE ARE NOT SEEING STRANGE OR ABNORMAL ORDER CANCELLATIONS

CEO: ON U.S. TARIFFS WE LEARNT FROM THE PAST AND WE ARE READY, WE ARE WAITING FOR THE FINAL DECISION AND THEN WE WILL PROCEED ACCORDINGLY

CEO: ORDER BOOK IN MIDDLE EAST IS VERY STRONG, WE KEEP COLLECTING ADDITIONAL ORDERS FROM CLIENTS

Further company coverage: RACE.MI

 (Reporting by Milan Newsroom)

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