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.
Discover curated press releases covering quarterly earnings, strategic partnerships, and technological breakthroughs in high-performance vehicle design. Our repository also features updates from Ferrari's iconic racing division, showcasing how track innovations influence production models.
Key content categories include corporate announcements, new vehicle launches, motorsport achievements, and sustainability initiatives. Bookmark this page for real-time updates on one of the automotive industry's most prestigious brands, where racing heritage meets cutting-edge engineering.
Ferrari N.V. (RACE) reported strong preliminary results for Q1 2022, with total shipments increasing by 17.3% to 3,251 units. Net revenues reached Euro 1,186 million, also up 17.3% year-over-year. EBITDA stood at Euro 423 million (up 12.5%) with a margin of 35.6%. EBIT rose to Euro 307 million, marking a 15.4% increase, while net profit hit Euro 239 million with diluted EPS at Euro 1.29. The company generated Euro 299 million in industrial free cash flow, bolstered by strong order intake, securing sales well into 2023.
Ferrari (NYSE: RACE) will release its financial results for Q1 2022 on May 4, 2022, with a conference call at 2:00 p.m. BST / 3:00 p.m. CEST / 9:00 a.m. EDT. The event will be accessible via a live audio webcast, and details for participation will be provided in the Investors section of Ferrari’s website. A replay will be available for two weeks after the call.
Ferrari held its Annual General Meeting on April 13, 2022, where all proposed resolutions were approved by shareholders. Key outcomes included the approval of the 2021 Annual Accounts and a cash dividend of €1.362 per share, totaling around €250 million. The dividend will be paid on May 6, 2022. The AGM also appointed directors and renewed authorities for share issuances and repurchases. Notably, Ernst & Young was appointed as the independent auditor for the 2022 financial year. Additionally, the 2021 Sustainability Report was published, adhering to GRI Standards.
Ferrari N.V. (NYSE: RACE) has signed a Memorandum of Understanding with the Italian Ministry of Economic Development, Invitalia, and the Emilia-Romagna Region. This agreement aims to fortify Ferrari's commitment to innovation, technology, and environmental responsibility, with planned investments expected to benefit the Maranello and Modena areas. The initiative will facilitate the hiring of 250 new employees and may secure up to €106 million from MISE for industrial and R&D projects focused on reducing environmental impact. Ferrari will unveil further details of its industrial plan on 16 June 2022.
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