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. 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. held its Annual General Meeting on April 14, 2023, in Amsterdam, where all resolutions proposed to shareholders were approved. Notably, shareholders sanctioned the 2022 Annual Accounts and a cash dividend of €1.810 per outstanding common share, totaling approximately €329 million, with the ex-dividend date set for April 24 and payment scheduled for May 5. The meeting also confirmed the election of directors, including John Elkann and Benedetto Vigna as executive directors.
The Board of Directors received renewed authority for share issuance and repurchase, allowing for up to 10% of outstanding shares. Concurrently, Ferrari published its 2022 Sustainability Report in line with GRI Standards and TCFD recommendations, a move emphasizing transparency around governance, environmental, and social issues.
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Ferrari N.V. (NYSE: RACE) announced that it will release its financial results for the first quarter of 2023 on May 4, 2023. A live audio webcast and conference call will take place at 2:00 p.m. BST / 3:00 p.m. CEST / 9:00 a.m. EDT. Interested investors can find access details in the Investors section of Ferrari's corporate website, which requires prior registration. A replay of the conference call will be available for two weeks after the event.