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.
Summary not available.
Ferrari N.V. (NYSE: RACE) has released its 2022 Annual Report and filed its annual report on Form 20-F with the U.S. Securities and Exchange Commission as of February 24, 2023. The report includes audited financial statements for the fiscal year ending December 31, 2022. Investors can access the report on Ferrari's corporate website under the Investors section, where it is available for viewing and downloading. Hard copies of the materials can be requested by shareholders.
Ferrari N.V. (RACE) announced a proposed dividend of Euro 1.810 per common share, marking a 33% increase from the previous year, amounting to a total distribution of approximately Euro 329 million. This proposal will be presented to shareholders for approval at the Annual General Meeting scheduled for April 14, 2023.
If approved, the ex-date is anticipated on April 24, 2023, the record date on April 25, 2023, and payments will be made on May 5, 2023.
Ferrari N.V. (RACE) has announced the completion of a share buyback as part of its broader program totaling €2 billion by 2026. The recent buyback, announced on December 1, 2022, represents the second tranche of this initiative, amounting to €200 million. The purchases will occur daily and will be executed on Euronext Milan and the New York Stock Exchange. This move aligns with Ferrari's strategy to enhance shareholder value and reflects its ongoing commitment to returning capital to investors.
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Ferrari N.V. (NYSE/EXM: RACE) announced the appointment of Lorenzo Giorgetti as Chief Racing Revenue Officer, effective February 7, 2022. Giorgetti, who previously served as Chief Commercial Officer at AC Milan, is recognized for his success in commercial growth within sports. In his new role, he will enhance long-term partnerships with sponsors and engage with Ferrari's global fan community, including entering the Esports sector. CEO Benedetto Vigna expressed optimism about Giorgetti's leadership and experience, highlighting the excitement of developing opportunities together with sponsors and fans.
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Ferrari reported strong financial results for FY 2022, with total shipments reaching 13,221 units, an 18.5% increase from FY 2021. Net revenues grew 19.3% to Euro 5,095 million, while EBITDA rose 15.8% to Euro 1,773 million, reflecting a margin of 34.8%. The net profit stood at Euro 939 million, with diluted earnings per share at Euro 5.09. The company anticipates solid demand in 2023, with guidance for net revenues between Euro 5.1 billion and 5.7 billion. Positive factors include strong product portfolio and improved profitability, despite cost inflation headwinds.
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Ferrari N.V. (NYSE: RACE) announced its 2023 corporate calendar, detailing important dates for earnings releases and the Annual General Meeting. Key earnings reports include:
- February 2, 2023: Q4 and full-year 2022 results
- May 4, 2023: Q1 2023 results
- August 2, 2023: Q2 2023 results
- November 2, 2023: Q3 2023 results
The Annual General Meeting for the approval of 2022 financial statements is set for April 14, 2023. Live webcasts of earnings presentations will be accessible via the Company's corporate website.
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