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. (symbol: RACE) is an iconic Italian luxury sports car manufacturer headquartered in Maranello, Italy. Founded in 1939 by Enzo Ferrari from the Alfa Romeo racing division as Auto Avio Costruzioni, Ferrari has since become synonymous with high-performance vehicles, Formula One racing, exclusivity, and cutting-edge technology. The first Ferrari-badged car was introduced in 1947, marking the start of a legacy that continues to captivate car enthusiasts worldwide.
Ferrari engineers and manufactures some of the world's most exclusive and expensive exotic sports cars. The company is celebrated for its Italian design, innovative engineering, and state-of-the-art technology. Ferrari's commitment to excellence is evident in its continuous participation and success in Formula One racing, where it has established itself as a dominant force.
In addition to its automotive prowess, Ferrari operates a captive finance company that provides funding for its dealers and clients, enhancing the purchasing experience for its exclusive clientele. The company's financial performance is robust, with 2023 revenue distribution as follows: Europe, Middle East, and Africa accounted for 48%, the Americas contributed 30%, China represented 10%, and the rest of Asia made up 12%.
Recent Achievements and Current Projects:
- Record 2023 results have further solidified Ferrari's foundation for continuous growth.
- A robust mix of products has sustained a strong start to the year with impressive adjusted EBITDA and EBIT figures.
- Ferrari successfully settled an offering of Euro 500 million in aggregate principal amount of notes, due on 21 May 2030, with net proceeds of approximately Euro 497 million.
For more detailed information, you can contact Ferrari's media relations at media@ferrari.com or investor relations at ir@ferrari.com.
As a stock market investor or an enthusiast looking for the latest updates and relevant information about Ferrari N.V. (RACE), stay informed about the company’s performance, events, and developments to make well-informed decisions.
Ferrari N.V. (NYSE/EXM: RACE) has announced the publication of its 2024 Annual Report and the filing of its annual report on Form 20-F with the United States Securities and Exchange Commission. The documents include financial statements for the fiscal year ended December 31, 2024.
Notably, the 2024 Sustainability Statement has been included in the Annual Report, prepared for the first time following the European Sustainability Reporting Standard (ESRS) requirements on a voluntary basis.
All documents are accessible in the Investors section of Ferrari's corporate website, where shareholders can view and download them. Hard copies of these materials, including audited financial statements, are available upon request at no cost.
Ferrari N.V. (NYSE/EXM: RACE) has announced that its Board of Directors will recommend a dividend distribution of €2.986 per common share to shareholders. This represents a 22% increase compared to the previous year's dividend and amounts to a total distribution of approximately €534 million.
The dividend proposal will require approval at the Annual General Meeting of Shareholders scheduled for April 16, 2025. If approved, the ex-date will be April 22, 2025 on EXM and April 23, 2025 on NYSE, with a record date of April 23, 2025 on both exchanges. The payment date is set for May 6, 2025.
Ferrari N.V. (NYSE/EXM: RACE) has provided an update on its share buyback program. Under the Euro 150 million sixth tranche announced on December 5, 2024, which is part of a larger Euro 2 billion multi-year buyback program expected to run through 2026, the company has made several purchases on both the Euronext Milan (EXM) and New York Stock Exchange (NYSE).
Recent transactions include:
- February 13, 2025: 1,267 shares at average €466.48
- February 14, 2025: 7,694 shares at average €477.86
As of February 14, 2025, Ferrari holds 15,067,471 treasury shares, representing 5.86% of total issued share capital. Since the program's inception on July 1, 2022, Ferrari has purchased 4,244,707 common shares for a total consideration of Euro 1,297,719,651.74.
Ferrari N.V. (NYSE/EXM: RACE) has provided an update on its share buyback program under the recently announced Euro 150 million sixth tranche. This tranche is part of a larger Euro 2 billion multi-year buyback program set to run through 2026.
On February 3-4, 2025, Ferrari purchased 18,066 common shares on the Euronext Milan (EXM) at an average price of €407.8522, totaling €7,368,258.60. Since the sixth tranche announcement, the company has invested:
- €110,245,851.80 for 265,082 shares on EXM
- $10,969,297.64 (€10,469,630.39) for 25,020 shares on NYSE
As of February 7, 2025, Ferrari held 15,058,510 treasury shares, representing 5.86% of total issued share capital. Since the program's inception on July 1, 2022, Ferrari has purchased 4,235,746 shares across EXM and NYSE, with a total investment of €1,293,451,938.24.
Ferrari (RACE) reported strong financial results for 2024, with net revenues reaching Euro 6,677 million, up 11.8% from the previous year. The company delivered 13,752 units, a 0.7% increase year-over-year. Operating profit (EBIT) grew 16.7% to Euro 1,888 million, with a margin of 28.3%.
Net profit increased 21.3% to Euro 1,526 million, with diluted EPS at Euro 8.46. The company generated industrial free cash flow of Euro 1,027 million. Hybrid models represented 51% of total shipments, while ICE models accounted for 49%.
For 2025, Ferrari expects revenue growth of ≥5%, with adjusted EBITDA margin maintaining at ≥38.3% and adjusted operating profit margin increasing to ≥29.0%. The company announced a partnership with IBM and an agreement to supply power units to Andretti Formula Racing from 2026.
Ferrari N.V. (NYSE/EXM: RACE) has provided an update on its share buyback program. Under the €150 million sixth tranche announced on December 5, 2024, part of a larger €2 billion multi-year buyback program expected to run through 2026, the company has made several purchases on the Euronext Milan (EXM).
From January 27-31, 2025, Ferrari purchased 30,967 common shares at an average price of €408.9428, totaling €12,663,732.10. Since the sixth tranche began, the total invested consideration has reached €102,877,593.20 for 247,016 shares on EXM and USD 10,969,297.64 for 25,020 shares on NYSE.
As of January 31, 2025, Ferrari held 15,040,444 treasury shares, representing 5.85% of total issued share capital. Since the multi-year program's start on July 1, 2022, Ferrari has purchased 4,217,680 shares across EXM and NYSE, with a total investment of €1,286,083,679.64.
Ferrari N.V. (NYSE/EXM: RACE) has reported its latest share buyback activities under the €150 million program announced on December 5, 2024. This represents the sixth tranche of their approximately €2 billion multi-year buyback program scheduled through 2026.
Between January 20-24, 2025, Ferrari purchased 52,686 common shares on the Euronext Milan (EXM) at an average price of €416.5166, totaling €21,944,594.50. Since the sixth tranche began, the company has invested:
- €90,213,861.10 for 216,049 shares on EXM
- $10,969,297.64 (€10,469,630.39) for 25,020 shares on NYSE
As of January 24, 2025, Ferrari held 15,009,477 treasury shares, representing 5.84% of total issued share capital. Since the multi-year program's inception on July 1, 2022, Ferrari has acquired 4,186,713 shares across EXM and NYSE, with a total investment of €1,273,419,947.54.
Ferrari (NYSE/EXM: RACE) has announced it will release its full year and fourth quarter 2024 financial results on Tuesday, February 4, 2025. The company will host a live audio webcast and conference call at 2:00 p.m. GMT / 3:00 p.m. CET / 9:00 a.m. EST on the same day.
Advanced registration is required for accessing the conference call details. The presentation materials will be available in the Investors section of Ferrari's corporate website. For those unable to attend the live session, a replay will be available on Ferrari's corporate website for two weeks following the call.
Ferrari N.V. (NYSE/EXM: RACE) has reported its latest share buyback activities under the €150 million program announced on December 5, 2024. This represents the sixth tranche of their multi-year €2 billion buyback program scheduled through 2026.
From January 13-17, 2025, Ferrari purchased 30,503 common shares on the Euronext Milan (EXM) at an average price of €411.76, totaling €12,559,977.30. Since the sixth tranche began, the company has invested:
- €68,269,266.60 for 163,363 shares on EXM
- $10,969,297.64 (€10,469,630.39) for 25,020 shares on NYSE
As of January 17, 2025, Ferrari held 14,956,791 treasury shares, representing 5.82% of total issued share capital. Since the multi-year program's inception on July 1, 2022, Ferrari has purchased 4,134,027 shares across EXM and NYSE, with a total investment of €1,251,475,353.04.
Ferrari N.V. (NYSE/EXM: RACE) has announced its corporate calendar for 2025, outlining key dates for financial disclosures and shareholder events. The company will release its quarterly earnings reports on: February 4 (Q4 and full-year 2024), May 6 (Q1 2025), July 31 (Q2 2025), and November 4 (Q3 2025).
Each earnings release will be accompanied by a conference call for financial analysts, with live webcasts and related materials available on Ferrari's corporate website. The Annual General Meeting is scheduled for April 16, 2025, where shareholders will vote on the approval of the company's 2024 financial statements.
FAQ
What is the current stock price of Ferrari N V (RACE)?
What is the market cap of Ferrari N V (RACE)?
What is Ferrari N.V. known for?
Where is Ferrari headquartered?
When was Ferrari founded?
What was the first Ferrari-badged car?
How does Ferrari generate its revenue?
What were Ferrari's 2023 revenue distribution percentages?
What recent financial achievement has Ferrari accomplished?
How can I contact Ferrari's media relations?
How can I contact Ferrari's investor relations?
What recent achievement did Ferrari highlight for 2023?
