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 (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.
Ferrari N.V. (NYSE/EXM: RACE) has reported its latest share buyback activities under the Euro 150 million program announced on December 5, 2024. This represents the sixth tranche of their larger Euro 2 billion multi-year buyback program set to run through 2026.
From January 2-10, 2025, Ferrari purchased 47,120 common shares on the Euronext Milan (EXM) at an average price of €412.4795, totaling €19,436,031.90. Since the sixth tranche began, the company has invested:
- €55,709,289.30 for 132,860 shares on EXM
- $10,969,297.64 (€10,469,630.39) for 25,020 shares on NYSE
As of January 10, 2025, Ferrari held 14,926,288 treasury shares, representing 5.81% of total issued share capital. Since the multi-year program's start on July 1, 2022, Ferrari has purchased 4,103,524 shares across EXM and NYSE, with a total investment of €1,238,915,375.74.
Ferrari N.V. (NYSE/EXM: RACE) has provided an update on its share buyback program. Under the recently announced Euro 150 million sixth tranche of their multi-year buyback program, the company has made significant purchases between December 16-19, 2024. The total investment includes:
- Euro 36,273,257.40 for 85,740 shares on EXM - USD 10,969,297.64 (Euro 10,469,630.39) for 25,020 shares on NYSE
As of December 19, 2024, Ferrari holds 14,879,168 treasury shares, representing 5.79% of total issued share capital. Since the program's inception on July 1, 2022, Ferrari has purchased 4,056,404 shares for a total consideration of Euro 1,219,479,343.84 as part of their Euro 2 billion multi-year buyback program expected to be executed by 2026.
Ferrari N.V. (NYSE/EXM: RACE) has provided an update on its Euro 150 million share buyback program announced on December 5, 2024. This represents the sixth tranche of their multi-year Euro 2 billion buyback program expected to run through 2026.
Between December 6-13, 2024, Ferrari purchased:
- 45,980 shares on EXM for €19,741,895.00
- 5,513 shares on NYSE for $2,499,852.21 (€2,382,854.07)
As of December 13, 2024, Ferrari held 14,819,901 treasury shares, representing 5.77% of total issued share capital. Since the program's inception on July 1, 2022, Ferrari has purchased 3,997,137 shares for a total consideration of Euro 1,194,861,205.11.
Ferrari (NYSE/EXM: RACE) has announced a multi-year agreement with Andretti Formula Racing, set to begin in 2026. Under this agreement, Ferrari will supply power units and gearboxes to the Andretti racing team, which is led by TWG Global and General Motors. The agreement is contingent upon Andretti Formula Racing receiving official confirmation and approval from the FIA for their entry into the 2026 FIA Formula One Championship.
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