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Ferrari N.V. - RACE STOCK NEWS

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.

News

Ferrari N.V.: Periodic Report on the Buyback Program

Rhea-AI Summary
Ferrari N.V. provides an update on its Euro 350 million share buyback program, part of a larger multi-year program. The company has purchased a total of 3,007,197 own common shares on the Euronext Milan and NYSE, amounting to Euro 794,058,143.88 in total consideration. As of April 12, 2024, Ferrari holds 13,831,301 common shares in treasury, representing 5.38% of the total issued share capital.
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Ferrari N.V.: Periodic Report on the Buyback Program

Rhea-AI Summary
Ferrari N.V. announces the purchase of common shares under a Euro 350 million buyback program, part of a larger program totaling Euro 2 billion by 2026. The company bought shares on Euronext Milan and NYSE, totaling Euro 163,798,675.39 and USD 54,391,165.62. As of April 5, 2024, Ferrari held 13,835,338 common shares in treasury, representing 5.38% of the total issued share capital. Since July 1, 2022, Ferrari has repurchased 2,987,859 own common shares for Euro 786,537,719.76.
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FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM

Rhea-AI Summary
Ferrari N.V. announces the purchase of additional common shares under the Euro 350 million share buyback program, part of a larger program totaling Euro 2 billion by 2026. The Company has bought back a significant number of shares on the Euronext Milan and New York Stock Exchange, totaling Euro 157,742,888.02 and USD 49,191,718.46 as of March 28, 2024. Ferrari now holds 13,807,372 common shares in treasury, representing 5.37% of the total issued share capital.
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Ferrari N.V.: Periodic Report on the Buyback Program

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Ferrari N.V. (RACE) announces the purchase of common shares under a Euro 350 million buyback program, part of a larger Euro 2 billion program. The Company has bought back a total of 2,936,076 own common shares on EXM and NYSE, spending Euro 766,025,767.24 since July 1, 2022. As of March 22, 2024, Ferrari holds 13,783,555 common shares, equivalent to 5.36% of the total issued share capital.
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Ferrari N.V.: Periodic Report on the Buyback Program

Rhea-AI Summary
Ferrari N.V. announces the purchase of common shares under a Euro 350 million share buyback program, part of a larger multi-year program totaling approximately Euro 2 billion by 2026. The company has bought back shares on the Euronext Milan and New York Stock Exchange, totaling Euro 144,322,508.33 and USD 40,493,638.81 as of March 15, 2024. Ferrari has acquired a total of 2,906,397 own common shares since July 1, 2022, under the buyback program.
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Ferrari N.V.: Periodic Report on the Buyback Program

Rhea-AI Summary
Ferrari N.V. announces the purchase of common shares under a multi-year share buyback program, totaling Euro 136,852,792.23 and USD 38,493,941.02. As of March 8, 2024, the company holds 13,771,548 common shares in treasury, representing 5.36% of the total issued share capital. Since the start of the program in July 2022, Ferrari has bought back 2,847,090 own common shares for a total consideration of Euro 731,408,174.47.
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Ferrari Publishes Agenda for the 2024 AGM

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Ferrari N.V. announces the agenda for the 2024 Annual General Meeting of Shareholders, to be held on April 17, 2024, in Amsterdam. Shareholders can access materials on Ferrari's website or request hard copies for free. Contact details provided for further information.
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Ferrari N.V.: Periodic Report on the Buyback Program

Rhea-AI Summary
Ferrari N.V. announces the purchase of additional common shares under its Euro 350 million share buyback program, totaling Euro 129,363,744.31 on the Euronext Milan and USD 34,294,885.17 on the New York Stock Exchange. The Company now holds 13,741,786 common shares in treasury, representing 5.35% of the total issued share capital. Since the inception of the Euro 2 billion buyback program in 2022, Ferrari has bought back 2,817,328 own common shares for a total consideration of Euro 720,048,035.01.
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Ferrari N.V.: Periodic Report on the Buyback Program

Rhea-AI Summary
Ferrari N.V. announces the purchase of additional common shares under a Euro 350 million share buyback program. The Company has bought 20,099 common shares for approximately Euro 7.4 million on the Euronext Milan. Since the start of the program in 2022, Ferrari has purchased a total of 2,788,692 own common shares on EXM and NYSE, totaling Euro 708.9 million.
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Ferrari Releases Its 2023 Annual Report and Files Annual Report on Form 20-F

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Ferrari N.V. (RACE) releases its 2023 Annual Report and Form 20-F, showcasing financial data and sustainability initiatives. Shareholders can access the reports on the company's website.
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FAQ

What is the current stock price of Ferrari N.V. (RACE)?

The current stock price of Ferrari N.V. (RACE) is $437.62 as of November 22, 2024.

What is the market cap of Ferrari N.V. (RACE)?

The market cap of Ferrari N.V. (RACE) is approximately 78.2B.

What is Ferrari N.V. known for?

Ferrari N.V. is known for manufacturing high-performance luxury sports cars and its success in Formula One racing.

Where is Ferrari headquartered?

Ferrari is headquartered in Maranello, Italy.

When was Ferrari founded?

Ferrari was founded in 1939 by Enzo Ferrari.

What was the first Ferrari-badged car?

The first Ferrari-badged car was built in 1947.

How does Ferrari generate its revenue?

Ferrari generates revenue through car sales, its captive finance company, and its participation in Formula One racing.

What were Ferrari's 2023 revenue distribution percentages?

In 2023, Europe, Middle East, and Africa accounted for 48%, the Americas 30%, China 10%, and the rest of Asia 12%.

What recent financial achievement has Ferrari accomplished?

Ferrari recently settled an offering of Euro 500 million in aggregate principal amount of notes, with net proceeds of approximately Euro 497 million.

How can I contact Ferrari's media relations?

You can contact Ferrari's media relations via email at media@ferrari.com.

How can I contact Ferrari's investor relations?

You can contact Ferrari's investor relations via email at ir@ferrari.com.

What recent achievement did Ferrari highlight for 2023?

Ferrari highlighted its record-breaking 2023 results, strengthening its foundation for continuous growth.

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Ferrari N.V.

NYSE:RACE

RACE Rankings

#177 Ranked by Market Cap
#1980 Ranked by Dividends

RACE Stock Data

78.24B
124.14M
33.94%
39.62%
0.73%
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