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. 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.
Ferrari (NYSE/MTA: RACE) announced its third-quarter 2021 financial results will be released on November 2, 2021. A live audio webcast and conference call is scheduled for 2:00 p.m. GMT, with details accessible on Ferrari’s corporate website. Participants need to register in advance to access the call, while a replay will be available for two weeks post-event.
Ferrari N.V. (RACE) has successfully completed the fourth tranche of its share buyback program, initiated on March 11, 2021. By October 1, 2021, the company purchased a total of 4,587,577 shares at an investment of approximately €653.4 million. The fourth tranche involved the acquisition of 14,300 shares, totaling €2.62 million on the MTA and $1.26 million on the NYSE. Looking ahead, Ferrari plans to initiate a fifth tranche of up to €150 million starting October 5, 2021, with €120 million allocated for the MTA market and €30 million for the NYSE.
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.
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