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: RACE) announced a proposed dividend of Euro 0.867 per common share, totaling approximately Euro 160 million. This recommendation will be presented to shareholders at the Annual General Meeting on April 15, 2021. If approved, the ex-date is expected on April 19, 2021, with the record date on April 20, 2021, and payment scheduled for May 5, 2021.
Ferrari N.V. (NYSE: RACE) has entered a multi-year partnership with Richard Mille, designating the Swiss luxury watch brand as a sponsor and licensee for the Prancing Horse. This collaboration will enhance Ferrari's exposure in motorsport, as Richard Mille will be featured on team cars and helmets, starting in the next F1 season. Additionally, the partnership includes supporting Ferrari's various motorsport activities and developing a limited edition watch collection, showcasing both brands' technological prowess and style.
Ferrari N.V. announced the resignation of non-executive Director Roberto Cingolani, effective February 13, 2021, following his appointment as Minister in the Italian Government. The Company expressed gratitude for his contributions to the Board and the Governance and Sustainability Committee. Executive Chairman John Elkann voiced well wishes for Cingolani’s new role. This leadership change may influence the company's governance structure but does not indicate immediate financial implications for investors.
Ferrari N.V. (NYSE/MTA: RACE) announced that it will release its third quarter financial results on November 3, 2020. A live audio webcast and conference call will take place at 2:00 p.m. GMT / 3:00 p.m. CET / 9:00 a.m. EST. Investors can access details on the company's corporate website, requiring prior registration. A replay will be available for two weeks post-event.
Ferrari N.V. (NYSE/MTA: RACE) has signed agreements with the FIA and Formula One to participate in the FIA Formula One World Championship from 2021 to 2025. These agreements cover regulatory, governance, and commercial aspects of the sport. Ferrari remains the only team to have competed in every season since 1950, boasting a global fanbase of over 400 million and holding records for the most Drivers’ (15) and Constructors’ (16) championships. This signing reinforces Ferrari's commitment to Formula One's future stability and growth.