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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

Record 2023 Results Strengthen the Foundation for Continuous Growth

Rhea-AI Summary
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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Ferrari to Announce 2023 Full Year and Fourth Quarter Financial Results on February 1

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Ferrari N.V. will release its financial results for the full year and fourth quarter of 2023 on February 1, 2024. The live audio webcast and conference call will be accessible on the Investors section of Ferrari’s corporate website. Registration in advance is required for access. A replay will be available for two weeks after the call.
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Ferrari N.V.: Periodic Report on the Buyback Program

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Ferrari N.V. (NYSE/EXM: RACE) has announced the purchase of Euro 350 million worth of common shares as part of a multi-year share buyback program expected to be executed by 2026. The company has bought a total of 35,165 common shares on the Euronext Milan (EXM) at an average price of 310.5251 euros per share, totaling 10,919,616.34 euros. The total invested consideration since the announcement of the fourth tranche has been Euro 64,504,920.99 for 198,094 common shares purchased on the EXM and USD 30,295,782.71 (Euro 27,798,654.09*) for 83,738 common shares purchased on the NYSE. As of January 10, 2024, the Company held in treasury 13,540,574 common shares equal to 5.27% of the total issued share capital. Since the start of the multi-year share buyback program, the Company has purchased a total of 2,616,116 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 651,500,336.22.
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Ferrari N.V.: Periodic Report on the Buyback Program

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Ferrari N.V. (NYSE/EXM: RACE) Announces Purchase of Common Shares Under Euro 350 Million Share Buyback Program
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Ferrari N.V.: Periodic Report on the Buyback Program

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Ferrari N.V. (NYSE/EXM: RACE) announces the purchase of Euro 39,842,435.71 worth of common shares under the Euro 350 million share buyback program. As of December 11, 2023, the Company held 13,417,692 common shares equal to 5.22% 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. (NYSE/EXM: RACE) has announced the purchase of additional common shares under the Euro 350 million share buyback program. The company has already invested a total of Euro 29,891,981.49 for 91,243 common shares on the EXM and USD 10,298,476.74 (Euro 9,401,845.40*) for 28,205 common shares on the NYSE. As of December 1, 2023, Ferrari holds in treasury 13,378,190 common shares, equal to 5.21% of the total issued share capital. Since the start of the multi-year share buyback program, the company has purchased a total of 2,453,732 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 598,490,588.04.
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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 $480 as of February 26, 2025.

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

The market cap of Ferrari N V (RACE) is approximately 90.2B.

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

#127 Ranked by Market Cap
#2004 Ranked by Dividends

RACE Stock Data

90.23B
124.04M
33.94%
39.62%
0.77%
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Maranello