Welcome to our dedicated page for Ferrari N V news (Ticker: RACE), a resource for investors and traders seeking the latest updates and insights on Ferrari N V stock.
Ferrari N.V. (NYSE/EXM: RACE) represents the pinnacle of luxury automotive engineering and motorsport excellence. This dedicated news hub provides investors and enthusiasts with direct access to the company's official communications, including financial disclosures, product innovations, and racing milestones.
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Ferrari N.V. (RACE) reported strong preliminary results for Q3 2022, showing a 15.9% increase in total shipments to 3,188 units. Net revenues reached Euro 1,250 million, up 18.7% year-over-year. Key metrics included EBITDA of Euro 435 million (up 17.1%) and EBIT of Euro 299 million (up 10.5%). The net profit stood at Euro 228 million, with diluted EPS at Euro 1.23. Industrial free cash flow generation was noted at Euro 219 million.
Ferrari has revised its 2022 guidance upward, reflecting sustained demand with an order book largely sold out.
Ferrari (NYSE: RACE) will release its Q3 2022 financial results on November 2, 2022. A live audio webcast and conference call will take place at 2:00 p.m. GMT / 3:00 p.m. CET / 10:00 a.m. EDT on the same day. Registration in advance is required for access. For those unable to attend, a replay will be available for two weeks on Ferrari’s corporate website.
Ferrari N.V. (NYSE/EXM: RACE) reported strong second quarter results for 2022, highlighting a significant growth trajectory. Shipments reached 3,455 units, up 28.7% from Q2 2021. Net revenues soared to Euro 1,291 million, a 24.9% increase year-over-year. EBITDA and EBIT also showed robust growth, with figures at Euro 446 million and Euro 323 million, respectively. The company’s net profit hit Euro 251 million, translating to a diluted EPS of Euro 1.36. Ferrari has revised its 2022 guidance upward across all metrics and recorded a historic net order intake during this period.
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