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 N.V. (NYSE/EXM: RACE) has provided an update on its Euro 250 million share buyback program announced on June 28, 2024. This represents the fifth tranche of their multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026. Between November 13-20, 2024, Ferrari purchased 18,671 common shares on the NYSE at an average price of $433.79, totaling $8,099,230.10 (€7,658,668.37). As of November 21, 2024, Ferrari held 14,765,168 treasury shares, representing 5.75% of total issued share capital. Since the program's inception in July 2022, Ferrari has purchased 3,942,404 shares for a total consideration of Euro 1,171,406,136.74.
Ferrari N.V. (NYSE/EXM: RACE) has completed significant share buybacks under its €250 million program announced on June 28, 2024. This represents the fifth tranche of a larger €2 billion multi-year buyback program expected to run through 2026. Between November 4-6, 2024, Ferrari purchased 68,148 common shares on Euronext Milan for €28,173,908.18.
As of November 8, 2024, the total invested amount reached €199,999,033.02 for 484,498 shares on EXM and $45,452,667.64 for 97,673 shares on NYSE. The company now holds 14,746,497 treasury shares, representing 5.74% of total issued share capital. Since the program's inception in July 2022, Ferrari has purchased 3,923,733 shares for a total of €1,163,747,468.36.
Ferrari reported strong Q3 2024 financial results with net revenues of €1,644 million, up 6.5% year-over-year. The company delivered 3,383 units, down 2.2% from the previous year. Adjusted EBIT reached €467 million, increasing 10.3% with a 28.4% margin. Adjusted net profit grew to €375 million, with adjusted diluted EPS at €2.08. The quarter saw strong product mix and increased personalizations, with hybrid models representing 55% of shipments. Industrial free cash flow was €364 million, and the company expressed increased confidence in its 2024 guidance.
Ferrari N.V. (NYSE/EXM: RACE) has reported its latest share buyback activities under the €250 million program announced on June 28, 2024. This represents the fifth tranche of their €2 billion multi-year buyback program expected to run through 2026. From October 28 to November 1, 2024, Ferrari purchased 18,300 common shares on the Euronext Milan (EXM) at an average price of €446.5533, totaling €8,171,925.21.
As of November 1, 2024, the total invested consideration since the fifth tranche announcement includes €171,825,124.84 for 416,350 shares on EXM and $45,452,667.64 for 97,673 shares on NYSE. The company now holds 14,678,349 treasury shares, representing 5.71% of total issued share capital.
Ferrari N.V. (NYSE/EXM: RACE) has provided an update on its share buyback program. Under the €250 million fifth tranche announced on June 28, 2024, Ferrari purchased 17,800 common shares on EXM between October 21-25, 2024, at an average price of €445.9434, totaling €7,937,793.27.
Since the fifth tranche announcement, Ferrari has invested €163,653,199.63 for 398,050 shares on EXM and USD 45,452,667.64 for 97,673 shares on NYSE. As of October 25, 2024, Ferrari held 14,661,389 treasury shares, representing 5.71% of total issued share capital.
This is part of Ferrari's larger €2 billion multi-year buyback program announced during the 2022 Capital Markets Day, under which the company has purchased 3,837,285 shares for €1,127,401,634.97 since July 1, 2022.
Ferrari (NYSE/EXM: RACE) has announced a multi-year renewal of its partnership with Shell, effective January 1, 2026. The renewed agreement will cover three key areas: Scuderia Ferrari HP, Ferrari Hypercar, and the Ferrari Challenge Series. This extension continues the long-standing collaboration between the two global brands.
Ferrari N.V. (NYSE/EXM: RACE) has reported on its ongoing share buyback program, which is part of a larger Euro 2 billion multi-year initiative announced during the 2022 Capital Markets Day. The current phase, known as the Fifth Tranche, involves a Euro 250 million share buyback announced on June 28, 2024.
From October 14 to October 18, 2024, Ferrari purchased 17,600 common shares on the Euronext Milan (EXM) at an average price of €437.7275 per share, totaling €7,704,003.72. Since the Fifth Tranche began, Ferrari has invested €155,715,406.35 for 380,250 shares on EXM and $45,452,667.64 for 97,673 shares on NYSE.
As of October 18, 2024, Ferrari held 14,643,589 treasury shares, representing 5.70% of its total issued share capital. Since July 1, 2022, the company has purchased 3,819,485 shares for a total of €1,119,463,841.70 across both EXM and NYSE.
Ferrari N.V. (NYSE/EXM: RACE) has announced that its financial results for the third quarter of 2024 will be released on Tuesday, November 5, 2024. The company will host a live audio webcast and conference call to discuss the Q3 2024 results, starting at 2:00 p.m. GMT / 3:00 p.m. CET / 9:00 a.m. EST on the same day.
Investors and interested parties can access the presentation details in the Investors section of Ferrari's corporate website prior to the event. Advanced registration is required to obtain the conference call details. 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 on its ongoing share buyback program, which is part of a larger Euro 2 billion multi-year initiative set to run until 2026. This current phase, announced on June 28, 2024, is the fifth tranche with a value of Euro 250 million.
From October 7 to October 11, 2024, Ferrari purchased 32,654 common shares at an average price of Euro 412.1392, totaling Euro 13,457,994.09. These purchases were made on both the Euronext Milan (EXM) and New York Stock Exchange (NYSE).
Since the start of the fifth tranche, Ferrari has invested Euro 148,011,402.63 for 362,650 shares on EXM and the equivalent of Euro 141,004,362.64 for 97,673 shares on NYSE. As of October 11, 2024, Ferrari held 14,625,989 treasury shares, representing 5.69% of its total issued share capital.
Ferrari N.V. (NYSE/EXM: RACE) has announced an update on its Euro 250 million share buyback program, which is part of a larger Euro 2 billion multi-year buyback plan set to run until 2026. From September 23 to September 30, 2024, Ferrari purchased 46,419 common shares at an average price of 425.8770 euros, totaling 19,768,783.46 euros.
The company bought shares on both the Euronext Milan (EXM) and the New York Stock Exchange (NYSE). Since the announcement of this fifth tranche, Ferrari has invested 120,198,039.44 euros for 295,150 shares on EXM and 29,095,540.83 USD (26,200,615.14 euros) for 61,595 shares on NYSE.
As of September 30, 2024, Ferrari held 14,522,411 treasury shares, representing 5.65% of its total issued share capital. Since the program's inception on July 1, 2022, the company has purchased 3,698,307 shares for a total of 1,069,142,727.30 euros.
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