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. (NYSE/EXM: RACE) announced the appointment of Lorenzo Giorgetti as Chief Racing Revenue Officer, effective February 7, 2022. Giorgetti, who previously served as Chief Commercial Officer at AC Milan, is recognized for his success in commercial growth within sports. In his new role, he will enhance long-term partnerships with sponsors and engage with Ferrari's global fan community, including entering the Esports sector. CEO Benedetto Vigna expressed optimism about Giorgetti's leadership and experience, highlighting the excitement of developing opportunities together with sponsors and fans.
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Ferrari reported strong financial results for FY 2022, with total shipments reaching 13,221 units, an 18.5% increase from FY 2021. Net revenues grew 19.3% to Euro 5,095 million, while EBITDA rose 15.8% to Euro 1,773 million, reflecting a margin of 34.8%. The net profit stood at Euro 939 million, with diluted earnings per share at Euro 5.09. The company anticipates solid demand in 2023, with guidance for net revenues between Euro 5.1 billion and 5.7 billion. Positive factors include strong product portfolio and improved profitability, despite cost inflation headwinds.
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Ferrari N.V. (NYSE: RACE) announced its 2023 corporate calendar, detailing important dates for earnings releases and the Annual General Meeting. Key earnings reports include:
- February 2, 2023: Q4 and full-year 2022 results
- May 4, 2023: Q1 2023 results
- August 2, 2023: Q2 2023 results
- November 2, 2023: Q3 2023 results
The Annual General Meeting for the approval of 2022 financial statements is set for April 14, 2023. Live webcasts of earnings presentations will be accessible via the Company's corporate website.
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Ferrari (NYSE: RACE) will announce its financial results for Q4 and the full year of 2022 on February 2, 2023. The live audio webcast and conference call will start at 1:00 p.m. GMT, 2:00 p.m. CET, and 8:00 a.m. EST. Investors can access the presentation details on Ferrari’s corporate website, with advance registration required for the conference call. A replay will be available for two weeks post-event. This earnings announcement is critical as investors will be keen to assess revenue performance and future guidance.
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Ferrari N.V. (NYSE/EXM: RACE) has announced a multiyear partnership with Asahi Europe & International, Ltd, set to commence on January 1, 2024. This agreement will see one of Asahi's non-alcoholic brands featured on Scuderia Ferrari F1 cars and those participating in the Ferrari Challenge. The partnership aims to enhance brand visibility and strengthen Ferrari's marketing initiatives within the racing community.