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.
Ferrari's Strategic Outlook (2023-2026)
Ferrari plans to launch 15 new models, maintaining exclusivity, with Icona and Supercar models comprising under 5% of total volumes. The Purosangue will be unveiled in September 2022, contributing less than 20% to annual shipments. By 2026, the product mix will consist of 40% ICE and 60% hybrid/electric vehicles. Expected EBITDA will reach Euro 2.5-2.7 billion with a margin of 38%-40%. A capital expenditure of Euro ~4.4 billion supports product development, while a dividend payout will rise to 35% of net income.
Ferrari N.V. hosted its Capital Markets Day on June 16, 2022, in Maranello, Italy. The event started at 9:00 a.m. BST / 10:00 a.m. CEST / 4:00 a.m. EDT, with a live webcast available for investors. The presentation details can be accessed through the corporate website. For those unable to attend the live session, a replay will be archived online, ensuring accessibility to the information shared during the event.
Ferrari N.V. (NYSE/EXM: RACE) is set to host its Capital Markets Day on June 16, 2022, in Maranello, Italy. The event will commence at 9:00 a.m. BST / 10:00 a.m. CEST / 4:00 a.m. EDT. A live webcast will be available on the company's corporate website for stakeholders and investors, featuring the details of the event and a presentation. For those unable to attend live, a replay will be made accessible on the same platform.
Ferrari N.V. (RACE) has completed its sixth tranche of the common share buyback program, purchasing an additional 3,417 shares on May 20, 2022, at an average price of $189.51. The total investment since March 3, 2022, is approximately $21.44 million for 112,771 shares on the NYSE, and €99.99 million for 527,592 shares on the EXM. Since January 1, 2019, Ferrari has repurchased 5,948,850 shares for a total consideration of €923.42 million. As of May 27, 2022, Ferrari holds 11,065,110 treasury shares, representing 4.30% of its total issued share capital.
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Ferrari N.V. (RACE) reported strong preliminary results for Q1 2022, with total shipments increasing by 17.3% to 3,251 units. Net revenues reached Euro 1,186 million, also up 17.3% year-over-year. EBITDA stood at Euro 423 million (up 12.5%) with a margin of 35.6%. EBIT rose to Euro 307 million, marking a 15.4% increase, while net profit hit Euro 239 million with diluted EPS at Euro 1.29. The company generated Euro 299 million in industrial free cash flow, bolstered by strong order intake, securing sales well into 2023.
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Ferrari (NYSE: RACE) will release its financial results for Q1 2022 on May 4, 2022, with a conference call at 2:00 p.m. BST / 3:00 p.m. CEST / 9:00 a.m. EDT. The event will be accessible via a live audio webcast, and details for participation will be provided in the Investors section of Ferrari’s website. A replay will be available for two weeks after the call.