Welcome to our dedicated page for Ferrari news (Ticker: RACE), a resource for investors and traders seeking the latest updates and insights on Ferrari stock.
Ferrari N.V. reports developments tied to its luxury performance-car business, including vehicle mix, personalization demand, product introductions, guidance, and profitability metrics such as EBIT, EBITDA, earnings per share, and industrial free cash flow. The company designs, engineers, and manufactures Ferrari cars and generates additional activity from racing, sponsorship, commercial, and brand-related operations.
Recurring updates also cover shareholder actions for RACE, including annual general meeting votes, dividend proposals and approvals, common-share repurchase programs, treasury-share disclosures, annual reports, sustainability reporting, and listings on the New York Stock Exchange and Euronext Milan.
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Ferrari N.V. (NYSE/EXM: RACE) reported strong second quarter results for 2022, highlighting a significant growth trajectory. Shipments reached 3,455 units, up 28.7% from Q2 2021. Net revenues soared to Euro 1,291 million, a 24.9% increase year-over-year. EBITDA and EBIT also showed robust growth, with figures at Euro 446 million and Euro 323 million, respectively. The company’s net profit hit Euro 251 million, translating to a diluted EPS of Euro 1.36. Ferrari has revised its 2022 guidance upward across all metrics and recorded a historic net order intake during this period.
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Ferrari N.V. (NYSE/EXM: RACE) will announce its Q2 2022 financial results on August 2, 2022. The event will feature a live audio webcast and conference call starting at 2:00 p.m. BST / 3:00 p.m. CEST / 9:00 a.m. EDT. Investors can access the presentation details on Ferrari's corporate website. A replay will be available for two weeks post-event for those unable to attend the live session.
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Ferrari N.V. (RACE) announces a Euro 150 million share buyback program, initiating the first tranche of a planned Euro 2 billion buyback by 2026. The first tranche runs from July 1, 2022, to November 30, 2022, funded by available cash. It involves two components: a Euro 120 million non-discretionary buyback on the EXM market and an additional Euro 30 million mandate on the NYSE. This program aligns with the April 2022 shareholders' meeting resolution, allowing for the repurchase of up to 10% of common shares, set to expire on October 12, 2023.