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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

Dividend Distribution Proposal

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Ferrari N.V. announces a dividend distribution of Euro 2.443 per common share, representing a 35% increase from the previous year, totaling approximately Euro 440 million. The proposal is subject to shareholder approval at the Annual General Meeting on April 17, 2024, with expected ex-date on April 22, 2024, record date on April 23, 2024, and payment date on May 3, 2024.
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Ferrari N.V.: Periodic Report on the Buyback Program

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Ferrari N.V. continues its share buyback program, purchasing over 20,000 common shares on the Euronext Milan stock exchange. The company has invested over Euro 114 million in shares since the announcement of the program. Ferrari now holds over 13 million common shares in treasury, equal to 5.33% 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. announces the purchase of common shares under a Euro 350 million buyback program, with a total invested consideration of Euro 106,944,337.65. The Company has bought 21,220 common shares on the Euronext Milan and NYSE since the start of the program in 2022.
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Ferrari N.V.: Periodic Report on the Buyback Program

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Ferrari N.V. has announced the purchase of additional common shares under the Euro 350 million share buyback program, with a total invested consideration of Euro 99,454,117.70. The company has purchased a total of 2,726,485 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 686,449,532.94.
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Lewis Hamilton Joins Scuderia Ferrari in 2025

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Ferrari N.V. announces the signing of Lewis Hamilton to join Scuderia Ferrari in 2025 on a multi-year contract. This move is expected to have a significant impact on the team's performance and the overall F1 landscape.
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Record 2023 Results Strengthen the Foundation for Continuous Growth

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Ferrari N.V. announces a record 2023, with net revenues of Euro 5,970 million, up 17.2% versus the prior year, and adjusted EBITDA of Euro 2,279 million, up 28.5% versus the prior year. Shipments totaled 13,663 units in 2023, up 3.3% versus the prior year, driven by increased deliveries of various car models. The company provides a positive 2024 guidance with net revenues expected to exceed 6.4 billion Euros and an adjusted EBITDA margin of at least 38%. Ferrari also highlights various business developments and corporate social responsibility initiatives.
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2024 Corporate Calendar

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Ferrari N.V. (RACE) announced its corporate calendar for 2024, including earnings release dates and the Annual General Meeting schedule. The company will release its group results for each quarter and hold conference calls for financial analysts on the same dates. The Annual General Meeting for the approval of the 2023 financial statements is scheduled for April 17, 2024. All related materials and live webcasts will be accessible on the company's corporate website.
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Ferrari N.V.: Periodic Report on the Buyback Program

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Ferrari N.V. has announced the purchase of additional common shares as part of the Euro 350 million share buyback program, with a total invested consideration of Euro 90,939,678.24 for 282,214 common shares purchased on the EXM and USD 30,295,782.71 for 83,738 common shares purchased on the NYSE. The Company now holds 13,624,694 common shares equal to 5.30% of the total issued share capital. Since the start of the multi-year share buyback program in 2022, Ferrari has purchased a total of 2,700,236 own common shares on EXM and NYSE for a total consideration of Euro 677,935,093.48.
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SCUDERIA FERRARI AND CHARLES LECLERC MOVING FORWARD TOGETHER

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Ferrari N.V. announces the renewal of its technical and racing multi-year agreement with Charles Leclerc, who will continue to compete for the Italian team in the Formula 1 World Championship in the next seasons.
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Ferrari N.v.: Periodic Report on the Buyback Program

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Ferrari N.V. has announced the purchase of additional common shares as part of a multi-year share buyback program. The company has invested a total consideration of Euro 79,905,746.64 for 246,565 common shares purchased on the EXM and USD 30,295,782.71 for 83,738 common shares purchased on the NYSE. As of January 19, 2024, the Company held in treasury 13,589,045 common shares equal to 5.29% of the total issued share capital.
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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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