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.
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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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