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. 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 N.V. (RACE) announced its strong preliminary financial results for FY 2021, showcasing total shipments of 11,155 units, marking a 22.3% increase from 2020. Net revenues reached Euro 4,271 million, up 23.4% year-over-year, with EBITDA climbing to Euro 1,531 million, reflecting a 34.0% growth. The EBIT stood at Euro 1,075 million, a 50.2% increase, while net profit was Euro 833 million with a diluted EPS of Euro 4.50. The company emphasized robust cash flow generation of Euro 642 million and expressed confidence in future growth strategies.
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Ferrari N.V. (NYSE/MTA: RACE) announces the release of its 2021 financial results on February 2, 2022. This includes the full-year and fourth-quarter results. A live audio webcast and conference call will be held at 2:00 p.m. GMT / 3:00 p.m. CET / 9:00 a.m. EST. Investors can access details on Ferrari's corporate website, with prior registration required for the conference call. A recorded replay will be available for two weeks post-event.
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Ferrari (NYSE/MTA: RACE) has released its 2022 corporate calendar, detailing key dates for financial reporting and shareholder meetings. The earnings releases for 2021 results and 2022 quarterly performance are set for February 2, May 4, August 2, and November 2. The Annual General Meeting for the approval of the 2021 financial statements will occur on April 13, 2022, followed by a Capital Markets Day on June 16, 2022. Investors can access conference calls and live webcasts on the company's corporate website.
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Ferrari N.V. (RACE) has announced a multi-year partnership with Velas Network AG, a leading blockchain and NFT company. This collaboration will enhance the digital experience for Scuderia Ferrari fans through exclusive content creation. Additionally, Velas will serve as the Title Sponsor for both the Ferrari Esports Series and the Scuderia's Esports team in the F1 Esports Series. The partnership aligns with Ferrari's values of innovation and performance, as highlighted by both Mattia Binotto and Velas CEO Farhad Shagulyamov.
Ferrari N.V. (NYSE/MTA: RACE) has announced a renewed partnership with Banco Santander, which will resume as a Premium Partner for the next season. This collaboration, which initially existed from 2010 to 2017, will see Banco Santander's logo prominently displayed on Scuderia cars and drivers' race suits. The partnership emphasizes Ferrari's commitment to achieving carbon neutrality by 2030, with Banco Santander pledging support in this green transition, leveraging its expertise in renewable energy finance. Both companies express enthusiasm for the collaboration's potential impact on sustainable practices.
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