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. (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.
Ferrari held its Annual General Meeting on April 13, 2022, where all proposed resolutions were approved by shareholders. Key outcomes included the approval of the 2021 Annual Accounts and a cash dividend of €1.362 per share, totaling around €250 million. The dividend will be paid on May 6, 2022. The AGM also appointed directors and renewed authorities for share issuances and repurchases. Notably, Ernst & Young was appointed as the independent auditor for the 2022 financial year. Additionally, the 2021 Sustainability Report was published, adhering to GRI Standards.
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