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. (RACE) is an automobile manufacturing company and luxury brand whose news flow reflects its combined focus on racing, sports cars and lifestyle. From Maranello, Italy, Ferrari designs, engineers and produces luxury sports cars sold in more than 60 markets, and it regularly issues press releases and investor updates that are furnished to the SEC on Form 6‑K.
On this news page, readers can follow company announcements that Ferrari itself highlights as significant. These include quarterly and full‑year financial results, where the company reports metrics such as net revenues, shipments, operating profit (EBIT), EBITDA, net profit and industrial free cash flow. Ferrari also publishes a corporate calendar each year, detailing scheduled earnings release dates and the timing of its Annual General Meeting for the approval of financial statements.
Ferrari’s news also covers capital markets and financing actions, such as multi‑year share buyback programs and unsecured committed revolving credit facilities with international banks. The company provides details on buyback tranches executed on Euronext Milan and the New York Stock Exchange, as well as the overall size and expected duration of its repurchase plans.
Another recurring theme in Ferrari’s news is partnership and sponsorship activity linked to Scuderia Ferrari and its lifestyle initiatives. Recent releases describe renewed or new multi‑year agreements with Philip Morris International, Bitdefender, CEVA Logistics and BingX, outlining their roles as Premium Partners, Team Partners or Series Partners in Ferrari’s racing and challenge series.
Investors, motorsport followers and brand observers can use this page to review Ferrari’s official communications on results, strategic targets, shareholder remuneration plans, racing partnerships and other corporate developments as they are released.
Ferrari N.V. held its Annual General Meeting on April 14, 2023, in Amsterdam, where all resolutions proposed to shareholders were approved. Notably, shareholders sanctioned the 2022 Annual Accounts and a cash dividend of €1.810 per outstanding common share, totaling approximately €329 million, with the ex-dividend date set for April 24 and payment scheduled for May 5. The meeting also confirmed the election of directors, including John Elkann and Benedetto Vigna as executive directors.
The Board of Directors received renewed authority for share issuance and repurchase, allowing for up to 10% of outstanding shares. Concurrently, Ferrari published its 2022 Sustainability Report in line with GRI Standards and TCFD recommendations, a move emphasizing transparency around governance, environmental, and social issues.
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Ferrari N.V. (NYSE: RACE) announced that it will release its financial results for the first quarter of 2023 on May 4, 2023. A live audio webcast and conference call will take place at 2:00 p.m. BST / 3:00 p.m. CEST / 9:00 a.m. EDT. Interested investors can find access details in the Investors section of Ferrari's corporate website, which requires prior registration. A replay of the conference call will be available for two weeks after the event.
Ferrari N.V. (NYSE/EXM: RACE) announced a buyback of Euro 200 million as part of a larger Euro 2 billion program set to conclude by 2026. This is the second tranche of the program as disclosed during the Capital Markets Day 2022. From March 20 to March 24, 2023, Ferrari purchased a total of 22,445 ordinary shares on the Milan Euronext at an average price of €246.57 per share, totaling approximately €5.53 million. To date, the company owns 12.27 million shares, representing 4.78% of its total capital. Overall, since July 1, 2022, Ferrari has repurchased 1.3 million shares for about €270.28 million.
On March 20, 2023, Ferrari N.V. (NYSE: RACE) reported a ransom demand from a threat actor concerning client contact details. In response, Ferrari initiated an investigation with a leading cybersecurity firm and notified authorities. The company emphasized that it will not pay the ransom, as this would support criminal activities. Ferrari has informed customers about the potential data exposure while affirming that the incident has not affected its operational functions. The firm reaffirms its commitment to client confidentiality and is working to enhance its cybersecurity measures further.
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Ferrari N.V. (NYSE/EXM: RACE) has announced the agenda and explanatory notes for its 2023 Annual General Meeting of Shareholders (AGM), scheduled for April 14, 2023, in Amsterdam at 9:00 a.m. CEST. Shareholders can access AGM materials on Ferrari’s corporate website. The prepared materials include audited financial statements, which shareholders can request in hard copy at no charge. This AGM is key for shareholders to engage in discussions regarding Ferrari's performance and future direction.
Ferrari N.V. (NYSE: RACE) has announced a multi-year partnership with Virtual Gaming Worlds (VGW), starting at the first Formula 1 Grand Prix in Bahrain from March 3-5, 2023. VGW will serve as a Premium Partner of Scuderia Ferrari, enhancing the team's engagement with fans through innovative gaming experiences. Lorenzo Giorgetti, Ferrari's Chief Racing Revenue Officer, expressed enthusiasm for the collaboration, highlighting the shared values of innovation and passion. VGW's CEO, Laurence Escalante, noted the significance of Ferrari as an iconic brand in motorsport, recognizing F1's growing popularity, particularly in the US.
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