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 will release its financial results for the second quarter of 2021 on August 2, 2021. A live audio webcast and conference call will occur at 2:00 p.m. BST, 3:00 p.m. CEST, and 9:00 a.m. EDT. Registration is required to access the call details, and for those unable to attend, a replay will be available on the Ferrari corporate website for two weeks post-event. More details can be found in the Investors section of Ferrari's website.
Ferrari N.V. announced the appointment of Benedetto Vigna as its new CEO, effective September 1. Vigna is currently the President of the Analog, MEMS, and Sensors Group at STMicroelectronics, where he has extensive experience in driving innovation and business growth.
Chairman John Elkann expressed confidence that Vigna's technological expertise and leadership will enhance Ferrari's position in the automotive sector. Vigna aims to further develop the brand's reputation for creating beautiful, advanced cars, leveraging his background in technology to address evolving market demands.
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