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) has announced a multi-year partnership with Velas Network AG, a leading blockchain and NFT company. This collaboration will enhance the digital experience for Scuderia Ferrari fans through exclusive content creation. Additionally, Velas will serve as the Title Sponsor for both the Ferrari Esports Series and the Scuderia's Esports team in the F1 Esports Series. The partnership aligns with Ferrari's values of innovation and performance, as highlighted by both Mattia Binotto and Velas CEO Farhad Shagulyamov.
Ferrari N.V. (NYSE/MTA: RACE) has announced a renewed partnership with Banco Santander, which will resume as a Premium Partner for the next season. This collaboration, which initially existed from 2010 to 2017, will see Banco Santander's logo prominently displayed on Scuderia cars and drivers' race suits. The partnership emphasizes Ferrari's commitment to achieving carbon neutrality by 2030, with Banco Santander pledging support in this green transition, leveraging its expertise in renewable energy finance. Both companies express enthusiasm for the collaboration's potential impact on sustainable practices.
Ferrari N.V. reported strong Q3 2021 results, with shipments increasing by 18.9% to 2,750 units and net revenues rising 18.6% to Euro 1,053 million compared to Q3 2020. The EBITDA was Euro 371 million, marking a 12.4% increase, with a margin of 35.2%. EBIT also grew by 21.8% to Euro 270 million, achieving a margin of 25.7%. Net profit reached Euro 207 million, and diluted EPS rose to Euro 1.11. Industrial free cash flow was robust at Euro 242 million, supported by strong advance collections. The company upgraded its 2021 guidance amid positive sales trends, particularly in China and the USA.
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