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. (RACE) is an automobile manufacturing company and luxury brand whose news flow reflects its combined focus on racing, sports cars and lifestyle. From Maranello, Italy, Ferrari designs, engineers and produces luxury sports cars sold in more than 60 markets, and it regularly issues press releases and investor updates that are furnished to the SEC on Form 6‑K.
On this news page, readers can follow company announcements that Ferrari itself highlights as significant. These include quarterly and full‑year financial results, where the company reports metrics such as net revenues, shipments, operating profit (EBIT), EBITDA, net profit and industrial free cash flow. Ferrari also publishes a corporate calendar each year, detailing scheduled earnings release dates and the timing of its Annual General Meeting for the approval of financial statements.
Ferrari’s news also covers capital markets and financing actions, such as multi‑year share buyback programs and unsecured committed revolving credit facilities with international banks. The company provides details on buyback tranches executed on Euronext Milan and the New York Stock Exchange, as well as the overall size and expected duration of its repurchase plans.
Another recurring theme in Ferrari’s news is partnership and sponsorship activity linked to Scuderia Ferrari and its lifestyle initiatives. Recent releases describe renewed or new multi‑year agreements with Philip Morris International, Bitdefender, CEVA Logistics and BingX, outlining their roles as Premium Partners, Team Partners or Series Partners in Ferrari’s racing and challenge series.
Investors, motorsport followers and brand observers can use this page to review Ferrari’s official communications on results, strategic targets, shareholder remuneration plans, racing partnerships and other corporate developments as they are released.
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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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Ferrari N.V. (RACE) reported strong preliminary results for Q2 and the first half of 2021, marked by significant growth across all regions. Total shipments reached 2,685 units, nearly doubling from the previous year. Net revenues surged to €1,035 million, a 100% increase year-over-year, and up 5.2% from Q2 2019. EBITDA tripled to €386 million, with an EBITDA margin of 37.4%. Net profit was reported at €206 million, translating to a diluted EPS of €1.11. The company's industrial free cash flow guidance was improved to €450 million.
On July 29, 2021, Ferrari N.V. (NYSE: RACE) announced the completion of a private placement of EUR 150 million in 0.91% senior notes due 2032. The offering targets specific US institutional investors and aims to raise funds for general corporate purposes. This move strengthens Ferrari's financial position and provides liquidity for future investments.
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Ferrari will release its financial results for the second quarter of 2021 on August 2, 2021. A live audio webcast and conference call will occur at 2:00 p.m. BST, 3:00 p.m. CEST, and 9:00 a.m. EDT. Registration is required to access the call details, and for those unable to attend, a replay will be available on the Ferrari corporate website for two weeks post-event. More details can be found in the Investors section of Ferrari's website.
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