The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Paola Carboni - Equita SIM S.p.A., Research Division - Analyst
: I have 3 questions. So first of all, during the earlier speech, you talked about the pricing structure by geography. We're all familiar with it. And I
think you also said that last year -- sorry, next year, we may expect price rebalance into. Did I get that right?
Question: Paola Carboni - Equita SIM S.p.A., Research Division - Analyst
: Okay. Then as to July and August, if I got you right, let me double check this. I think you said the trend is similar to the first half. So should I think
growth is still at around 30%? Will this make us think that by the end of the year, you will end up with performance, which is even better than plus
19%. I understand you're very cautious for November, December, but you're very happy and satisfied with your results, too.
So here, again, I think there is room for growth. And even if the guidance is 19%, we may expect even better growth. Then finally, as far as marketing
is concerned, we know it's about 7% or a bit more. So is this because you had a lot of focused events? Or is it becoming a more structural kind of
marketing budget. So are you going to invest something in the region of 7% in markets and in the future, too?
Question: Paola Carboni - Equita SIM S.p.A., Research Division - Analyst
: Excellent. May I ask something about pricing. So do you think price rebalancing is pretty much in place today?
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