BRIEF-Ferrari CEO: contribution of customisations larger than expected

Reuters11-05 22:47

Nov 5 (Reuters) - Ferrari top executives say in post-earnings call with analysts:

* CEO: WE DO NOT WANT TO PUSH TOO MUCH ON TOP LINE, WE GIVE PRIORITY TO EARNINGS QUALITY

* CFO: EXPENDITURE FOR INFRASTRUCTURE DEVELOPMENT IS BITING INTO FULL-YEAR CASHFLOW GENERATION

* CEO: OUR STRATEGY FOR CHINA IS TO KEEP GROWTH PACE BELOW 10% AS LOCAL MARKET NEEDS TO GET ACQUAINTED TO OUR BRAND

* CEO: CONTRIBUTION OF PERSONALISATIONS TO OUR REVENUES HAS BEEN LARGER THAN WE EXPECTED WHEN WE PRESENTED OUR BUSINESS PLAN IN 2022

Further company coverage:

(Reporting by Milan Newsroom)

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