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. (NYSE/EXM: RACE) represents the pinnacle of luxury automotive engineering and motorsport excellence. This dedicated news hub provides investors and enthusiasts with direct access to the company's official communications, including financial disclosures, product innovations, and racing milestones.
Discover curated press releases covering quarterly earnings, strategic partnerships, and technological breakthroughs in high-performance vehicle design. Our repository also features updates from Ferrari's iconic racing division, showcasing how track innovations influence production models.
Key content categories include corporate announcements, new vehicle launches, motorsport achievements, and sustainability initiatives. Bookmark this page for real-time updates on one of the automotive industry's most prestigious brands, where racing heritage meets cutting-edge engineering.
Ferrari N.V. (NYSE/EXM: RACE) will announce its Q2 2022 financial results on August 2, 2022. The event will feature a live audio webcast and conference call starting at 2:00 p.m. BST / 3:00 p.m. CEST / 9:00 a.m. EDT. Investors can access the presentation details on Ferrari's corporate website. A replay will be available for two weeks post-event for those unable to attend the live session.
Ferrari N.V. (RACE) announces a Euro 150 million share buyback program, initiating the first tranche of a planned Euro 2 billion buyback by 2026. The first tranche runs from July 1, 2022, to November 30, 2022, funded by available cash. It involves two components: a Euro 120 million non-discretionary buyback on the EXM market and an additional Euro 30 million mandate on the NYSE. This program aligns with the April 2022 shareholders' meeting resolution, allowing for the repurchase of up to 10% of common shares, set to expire on October 12, 2023.
Ferrari's Strategic Outlook (2023-2026)
Ferrari plans to launch 15 new models, maintaining exclusivity, with Icona and Supercar models comprising under 5% of total volumes. The Purosangue will be unveiled in September 2022, contributing less than 20% to annual shipments. By 2026, the product mix will consist of 40% ICE and 60% hybrid/electric vehicles. Expected EBITDA will reach Euro 2.5-2.7 billion with a margin of 38%-40%. A capital expenditure of Euro ~4.4 billion supports product development, while a dividend payout will rise to 35% of net income.
Ferrari N.V. hosted its Capital Markets Day on June 16, 2022, in Maranello, Italy. The event started at 9:00 a.m. BST / 10:00 a.m. CEST / 4:00 a.m. EDT, with a live webcast available for investors. The presentation details can be accessed through the corporate website. For those unable to attend the live session, a replay will be archived online, ensuring accessibility to the information shared during the event.
Ferrari N.V. (NYSE/EXM: RACE) is set to host its Capital Markets Day on June 16, 2022, in Maranello, Italy. The event will commence at 9:00 a.m. BST / 10:00 a.m. CEST / 4:00 a.m. EDT. A live webcast will be available on the company's corporate website for stakeholders and investors, featuring the details of the event and a presentation. For those unable to attend live, a replay will be made accessible on the same platform.
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