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 appointment of Benedetto Vigna as its new CEO, effective September 1. Vigna is currently the President of the Analog, MEMS, and Sensors Group at STMicroelectronics, where he has extensive experience in driving innovation and business growth.
Chairman John Elkann expressed confidence that Vigna's technological expertise and leadership will enhance Ferrari's position in the automotive sector. Vigna aims to further develop the brand's reputation for creating beautiful, advanced cars, leveraging his background in technology to address evolving market demands.
Ferrari N.V. (RACE) reported strong Q1 results with net revenues of Euro 1,011 million, up 8.5% year-over-year. Total shipments slightly increased to 2,771 units. Key financial metrics showed robust growth: EBITDA rose 18.6% to Euro 376 million with a margin of 37.2%, and EBIT increased 20.9% to Euro 266 million (margin: 26.3%). The company generated Euro 147 million in industrial free cash flow. Despite the pandemic's impact, Ferrari is confident in achieving its 2021 guidance and noted a record order book.
Ferrari (NYSE: RACE) is set to release its first-quarter financial results for 2021 on May 4, 2021. A live audio webcast and conference call are scheduled for 2:00 p.m. BST, 3:00 p.m. CEST, and 9:00 a.m. EDT. Details for the presentation will be accessible in the Investors section of Ferrari’s corporate website, requiring prior registration for the conference call. Those unable to attend the live session can access a replay on the website for two weeks.
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