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 N.V. (NYSE/EXM: RACE) announced a proposed dividend of Euro 1.362 per common share, marking a 57% increase from the previous year, totaling around Euro 250 million. This proposal will be presented to shareholders at the Annual General Meeting on April 13, 2022. If approved, the dividend's ex-date will be April 19, 2022, record date April 20, 2022, with payment scheduled for May 6, 2022.
Summary not available.
Ferrari N.V. (NYSE/EXM: RACE) has partnered with Qualcomm Technologies to enhance its digital transformation. This collaboration will see Snapdragon, Qualcomm's premium product, utilized across Ferrari's automotive platforms. Initial projects will focus on a digital cockpit, aiming to innovate driving experiences. The Snapdragon logo will debut on the F1-75 car, set to unveil on February 17, 2022, and will include Ferrari's esports initiatives. Both CEOs emphasized the importance of this partnership in leveraging cutting-edge technology for automotive excellence.
Summary not available.
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.
Summary not available.
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.
Summary not available.
Summary not available.
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.