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. (RACE) is an automobile manufacturing company and luxury brand whose news flow reflects its combined focus on racing, sports cars and lifestyle. From Maranello, Italy, Ferrari designs, engineers and produces luxury sports cars sold in more than 60 markets, and it regularly issues press releases and investor updates that are furnished to the SEC on Form 6‑K.
On this news page, readers can follow company announcements that Ferrari itself highlights as significant. These include quarterly and full‑year financial results, where the company reports metrics such as net revenues, shipments, operating profit (EBIT), EBITDA, net profit and industrial free cash flow. Ferrari also publishes a corporate calendar each year, detailing scheduled earnings release dates and the timing of its Annual General Meeting for the approval of financial statements.
Ferrari’s news also covers capital markets and financing actions, such as multi‑year share buyback programs and unsecured committed revolving credit facilities with international banks. The company provides details on buyback tranches executed on Euronext Milan and the New York Stock Exchange, as well as the overall size and expected duration of its repurchase plans.
Another recurring theme in Ferrari’s news is partnership and sponsorship activity linked to Scuderia Ferrari and its lifestyle initiatives. Recent releases describe renewed or new multi‑year agreements with Philip Morris International, Bitdefender, CEVA Logistics and BingX, outlining their roles as Premium Partners, Team Partners or Series Partners in Ferrari’s racing and challenge series.
Investors, motorsport followers and brand observers can use this page to review Ferrari’s official communications on results, strategic targets, shareholder remuneration plans, racing partnerships and other corporate developments as they are released.
Ferrari N.V. has renewed its partnership with EssilorLuxottica, expanding their collaboration that began in 2016. Effective January 1, 2023, the new multi-year agreement allows EssilorLuxottica to design, produce, and market eyewear featuring the Scuderia Ferrari and Ray-Ban brands, including a monobrand eyewear line with the iconic Prancing Horse trademark.
The agreement also increases visibility for the Ray-Ban logo on Formula 1 cars and apparel worn by official drivers in Competizioni GT, enhancing brand exposure in motorsports.
Ferrari has appointed Fred Vasseur as the new Team Principal and General Manager of Scuderia Ferrari, effective January 9, 2023. Vasseur, with over 25 years of experience in motorsport, previously served as CEO and Team Principal of Sauber Motorsport and held a similar role at Renault F1 Team. Ferrari's CEO, Benedetto Vigna, expressed confidence in Vasseur's technical expertise and leadership skills, aiming to revitalize the team's performance. Vasseur has expressed his excitement to honor Ferrari's storied heritage and work with the talented Maranello team.
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Ferrari has completed the first tranche of its €150 million share buyback program, purchasing a total of 6,978 common shares for €119.99 million on the Euronext Milan and 151,491 shares for USD 30 million on the NYSE. Overall, the total cost for this tranche is approximately €2 billion, with the company holding 11,835,481 shares in treasury, representing 4.60% of total issued capital. A second tranche of up to €200 million begins on December 2, 2022.
Ferrari N.V. (NYSE: RACE) has announced the resignation of Mattia Binotto as Scuderia Ferrari Team Principal, effective December 31, 2022. Binotto, who has spent 28 years with the company, expressed pride in his contributions and confidence in the team's future competitiveness. Benedetto Vigna, CEO of Ferrari, acknowledged Binotto's leadership in returning the team to a competitive stance. The search for a new Team Principal is currently underway, with plans to finalize the appointment in the new year.
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Ferrari N.V. (RACE) reported strong preliminary results for Q3 2022, showing a 15.9% increase in total shipments to 3,188 units. Net revenues reached Euro 1,250 million, up 18.7% year-over-year. Key metrics included EBITDA of Euro 435 million (up 17.1%) and EBIT of Euro 299 million (up 10.5%). The net profit stood at Euro 228 million, with diluted EPS at Euro 1.23. Industrial free cash flow generation was noted at Euro 219 million.
Ferrari has revised its 2022 guidance upward, reflecting sustained demand with an order book largely sold out.
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Ferrari (NYSE: RACE) will release its Q3 2022 financial results on November 2, 2022. A live audio webcast and conference call will take place at 2:00 p.m. GMT / 3:00 p.m. CET / 10:00 a.m. EDT on the same day. Registration in advance is required for access. For those unable to attend, a replay will be available for two weeks on Ferrari’s corporate website.
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