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 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.
Ferrari N.V. (NYSE/MTA: RACE) held its Annual General Meeting (AGM) on April 15, 2021, successfully passing all proposed resolutions. Shareholders approved the 2020 Annual Accounts and a cash dividend of €0.867 per share, totaling approximately €160 million, with ex-dividend date set for April 19, 2021. Additionally, John Elkann and the current board were re-elected, and Ernst & Young was appointed as the independent auditor until 2022. The AGM also renewed the authority for share issuance and repurchase, along with approving executive awards under a new equity incentive plan.
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