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.
Introduction
Ferrari N.V. (NYSE/EXM: RACE) stands as an iconic symbol in the luxury automotive sphere, renowned for its meticulously crafted luxury sports cars and revered motor racing heritage. Combining decades of experience in automotive engineering with a passion for performance, Ferrari has established itself as a benchmark in the high-performance vehicle segment. Keywords such as "luxury sports cars", "automotive engineering", and "motor racing" encapsulate the essence of the brand from the onset.
Heritage and Brand Legacy
Originating from a rich history that dates back to the early collaborations in motor racing and production innovations, Ferrari was founded by Enzo Ferrari in 1939. The company initially evolved from its affiliation with Alfa Romeo's racing division, laying the groundwork for a legacy built on speed, precision, and aesthetic excellence. Its evolution into one of the world's most cherished luxury brands has been underpinned by a commitment to design, performance, and exclusivity.
Core Business Operations
Ferrari N.V. is primarily engaged in the design, engineering, and manufacturing of luxury sports cars that uniquely combine cutting-edge technology with traditional Italian craftsmanship. Its business model is centered on several key segments:
- High-end Vehicle Sales: The cornerstone of the company, Ferrari’s car sales are characterized by a deliberate strategy of keeping supply below demand, thereby ensuring that each vehicle represents a rare and prestigious purchase.
- Spare Parts and Accessories: Complementing its vehicle sales, Ferrari supplies genuine spare parts and specialized accessories that maintain the brand’s performance standards and heritage aesthetics.
- Commercial and Racing Activities: Beyond automobiles, Ferrari extends its expertise to sponsorships, licensable brand activities, and participations in high-profile racing events. These initiatives not only reinforce the company’s technological prowess but also amplify its global brand presence.
Market Position and Competitive Landscape
In the competitive realm of luxury automotive manufacturing, Ferrari N.V. distinguishes itself through precise control of production volumes and exceptional attention to detail. Its strategic positioning is reinforced by:
- Exclusivity: A highly controlled supply chain ensuring products remain exclusive and desirable.
- Engineering Excellence: Advanced automotive engineering that continuously pushes the boundaries of performance and innovation.
- Global Brand Prestige: A widespread network of loyal clientele and robust brand recognition, bolstered by its involvement in international racing circuits and lifestyle initiatives.
Industry Significance and Operational Insight
Ferrari N.V.'s operations are deeply intertwined with the broader landscape of automotive innovation and luxury market dynamics. The company leverages its illustrious history and engineering expertise to remain at the forefront of design and performance. Every vehicle is a testament to a tradition of excellence, combining artisanal craftsmanship with modern technological advancements. Its dual focus on heritage and innovation positions Ferrari as a distinguished player within the competitive automotive industry.
Global Footprint and Revenue Streams
The company’s revenue streams are diversified across multiple geographies, catering to a discerning global clientele. Its operations span across key regions including Europe, the Americas, and various parts of Asia, ensuring a balanced exposure and resilience in its market approach. A significant portion of its revenue is generated through the sale of vehicles and genuine spare parts, while additional income is derived from its branding and racing-related activities. This balanced model not only supports its luxury pricing strategy but also reinforces its status as a cultural and technological icon.
Technological Innovation and Racing Integration
At the heart of Ferrari N.V.'s success lies a relentless pursuit of technological innovation. The company integrates state‐of‐the‐art engineering techniques with traditional design principles to produce vehicles that excel in both performance and aesthetics. Its sustained involvement in high-tier racing events and partnerships with reputable teams exhibit its commitment to pushing performance limits. This dual focus on consumer vehicles and motorsport underwrites a reputation for reliability, high performance, and groundbreaking engineering advancements.
Customer Loyalty and After-Sales Excellence
Ferrari's business model is further enhanced by its robust customer relationships and after-sales service. More than a purchase, a Ferrari is seen as an investment in an exclusive lifestyle backed by a community of long-term clientele. Through personalized services, premium spare parts, and specialized support, the company ensures that its customer experience is in line with the prestigious brand image it upholds.
Conclusion
In summary, Ferrari N.V. exemplifies the fusion of high-performance engineering, luxury design, and a storied competitive racing legacy. Its carefully curated product offerings, combined with its strategic global presence, make it a subject of extensive interest among automotive enthusiasts and investment researchers alike. Every aspect of its operations reflects a commitment to excellence that continues to shape the landscape of luxury sports car manufacturing.
Ferrari (NYSE/EXM: RACE) has announced an update to its commercial policy in response to new import tariffs on EU cars into the USA. The company will:
- Maintain current pricing for all models imported before April 2, 2025
- Keep unchanged prices for Ferrari 296, SF90, and Roma models regardless of import date
- Implement up to 10% price increases for remaining models affected by new import conditions
While maintaining its commitment to client protection, Ferrari confirms its 2025 financial targets, though noting a potential risk of 50 basis points reduction in profitability percentage margins (EBIT and EBITDA margins).
Ferrari (NYSE/EXM: RACE) has reported key developments in its share buyback program and employee share granting process. On March 13, 2025, the company assigned 113,466 treasury shares to employees and subsequently purchased 47,907 common shares at €414.0109 per share through a cross order transaction on EXM to cover tax obligations.
As of March 14, 2025, Ferrari holds 15,720,318 treasury shares, representing 8.71% of total issued share capital. Since launching its €2 billion multi-year buyback program on July 1, 2022, Ferrari has acquired 5,011,020 common shares across EXM and NYSE, with a total investment of €1,642,569,697.35.
Ferrari (NYSE/EXM: RACE) has completed the seventh tranche of its multi-year share repurchase program by purchasing 666,666 common shares for €299,999,700 through an accelerated bookbuild offering by Exor N.V. on February 26, 2025.
This transaction is part of Ferrari's €2.0 billion buyback program announced during the 2022 Capital Market Day. As of March 6, 2025, Ferrari holds 15,785,877 treasury shares, representing 8.73% of total issued share capital. Since the program's inception on July 1, 2022, the company has acquired 4,963,113 common shares on EXM and NYSE for a total consideration of €1,622,735,677.17.
Ferrari (NYSE/EXM: RACE) has announced the publication of the agenda and explanatory notes for its 2025 Annual General Meeting of Shareholders (AGM). The meeting is scheduled for April 16, 2025, in Amsterdam, starting at 9:00 a.m. CEST.
All AGM-related materials, including the meeting notice, explanatory notes, and Ferrari's audited financial statements, are accessible in the Governance section of Ferrari's corporate website. Shareholders can view and download these documents online or request physical copies at no cost.
Ferrari (NYSE/EXM: RACE) has announced its participation in Exor N.V.'s accelerated bookbuild offering on February 26, 2025. The company will repurchase 666,666 common shares for a total of €300 million, using cash on hand.
This transaction represents the seventh tranche of Ferrari's multi-year share buyback program of approximately €2.0 billion, which was announced during their 2022 Capital Markets Day. The purchase falls within the share buyback mandate approved at the April 17, 2024 Annual General Meeting, which authorized buying up to 10% of company's common shares over eighteen months.
The transaction is expected to settle on March 3, 2025. Ferrari will continue executing the program in alignment with its Industrial Free Cash Flow generation.
Ferrari (NYSE/EXM: RACE) has announced its participation in Exor's accelerated bookbuild offering (ABO) by repurchasing up to 10% of Exor's total offering for a maximum of €300 million. This represents the seventh tranche of Ferrari's €2.0 billion multi-year share buyback program announced during the 2022 Capital Markets Day.
The company recently completed its sixth tranche on February 20, 2025, which involved purchasing 305,959 common shares on EXM for €130 million and 44,844 shares on NYSE for approximately €20 million. The repurchase will be financed through Ferrari's cash reserves without affecting its strategic plans or financing capabilities.
As of February 25, 2025, Ferrari held 15,119,211 treasury shares, representing 5.88% of total issued share capital. Since the program's inception, the company has purchased 4,296,447 shares for a total consideration of €1.32 billion.
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.
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