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. announced the completion of its fourth tranche of the share buyback program initiated on March 11, 2021. As of September 10, 2021, a total investment of €106,989,378.86 for 620,395 shares was made on MTA, and $30,037,423.69 (about €25,187,600.49) for 143,295 shares on NYSE. This brings the total shares repurchased since January 1, 2019, to 4,490,875, costing €635,599,212.52. As of the latest report, Ferrari holds 9,676,201 own shares, representing 3.76% of its total capital.
Ferrari N.V. (RACE) reported strong preliminary results for Q2 and the first half of 2021, marked by significant growth across all regions. Total shipments reached 2,685 units, nearly doubling from the previous year. Net revenues surged to €1,035 million, a 100% increase year-over-year, and up 5.2% from Q2 2019. EBITDA tripled to €386 million, with an EBITDA margin of 37.4%. Net profit was reported at €206 million, translating to a diluted EPS of €1.11. The company's industrial free cash flow guidance was improved to €450 million.
On July 29, 2021, Ferrari N.V. (NYSE: RACE) announced the completion of a private placement of EUR 150 million in 0.91% senior notes due 2032. The offering targets specific US institutional investors and aims to raise funds for general corporate purposes. This move strengthens Ferrari's financial position and provides liquidity for future investments.
Ferrari will release its financial results for the second quarter of 2021 on August 2, 2021. A live audio webcast and conference call will occur at 2:00 p.m. BST, 3:00 p.m. CEST, and 9:00 a.m. EDT. Registration is required to access the call details, and for those unable to attend, a replay will be available on the Ferrari corporate website for two weeks post-event. More details can be found in the Investors section of Ferrari's website.
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