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/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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Ferrari N.V. reported strong Q3 2021 results, with shipments increasing by 18.9% to 2,750 units and net revenues rising 18.6% to Euro 1,053 million compared to Q3 2020. The EBITDA was Euro 371 million, marking a 12.4% increase, with a margin of 35.2%. EBIT also grew by 21.8% to Euro 270 million, achieving a margin of 25.7%. Net profit reached Euro 207 million, and diluted EPS rose to Euro 1.11. Industrial free cash flow was robust at Euro 242 million, supported by strong advance collections. The company upgraded its 2021 guidance amid positive sales trends, particularly in China and the USA.
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