Workflow
Ferrari(RACE)
icon
Search documents
Ferrari: Driving Luxury And Innovation
Seeking Alpha· 2025-03-19 13:32
Ferrari N.V. (NYSE: RACE ) is far more than an automaker. It has elevated itself to a luxury brand known for scarcity-driven pricing power, cutting-edge innovation, and a loyal ultra-wealthy clientele. Its strategic positioning mirrors that of high-end fashion houses like Hermes ("AWS Certified AI Practitioner Early Adopter"I am a DevOps Engineer for a major, wholly owned subsidiary of a large-cap Fortune 500. I am a true subject-matter expert on the actual buildout, deployment, and maintenance of AI tools ...
Ferrari N.v.: Report on the Share Buyback Related to Granting Share Process
Globenewswire· 2025-03-17 17:52
Maranello (Italy), March 17, 2025 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that on March 13, 2025, in the Ferrari Group employees’ granting share process, the Company assigned No. 113,466 common shares held in treasury. On the same day Ferrari purchased at the average price of Euro 414.0109 per share, in a “cross order” transaction executed on the EXM, No. 47,907 common shares sold by the assignees in order to cover their individual's taxable income as standard practice (Sell to ...
Ferrari car buyers are getting younger. CEO says 40% of new clients are now under 40
CNBC· 2025-03-17 03:32
Group 1 - Ferrari is experiencing a rise in popularity among younger buyers, with 40% of new clients now under the age of 40, up from 30% just over 18 months ago [1][2] - The company maintains a strategy of exclusivity, with nearly 75% of all Ferraris sold to existing customers as of last year [2] - Ferrari's CEO emphasized that the more-than-two-year wait time for new cars is part of a "very pleasant" customer experience, despite prospective buyers urging for faster production [2]
Ferrari CEO says carmaker is 'ready' with countermeasures as Europe's automakers brace for tariffs
CNBC· 2025-03-13 05:50
Ferrari logo is seen outside the Ferrari headquarters in Maranello during Lewis Hamilton's first official days as a Scuderia Ferrari F1 driver at Fiorano Circuit on January 21, 2025 in Fiorano Modenese, Italy.The chief executive of Ferrari on Thursday said the company was prepared for potential U.S. tariffs on European automakers."We are ready with some countermeasures," Ferrari CEO Benedetto Vigna told CNBC's Robert Frank at CONVERGE LIVE in Singapore on Thursday."We are watching what's going to happen in ...
Ferrari N.v.: Completion of the Seventh Tranche of the Multi-Year Share Repurchase Program
Newsfilter· 2025-03-07 15:24
Maranello (Italy), March 7, 2025 – Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") informs that, following the accelerated bookbuild offering made by Exor N.V. on February 26, 2025, the Company participated in the offering by purchasing No. 666,666 common shares for a total consideration of 299,999,700 Euro (the "Transaction"). The Transaction constituted the seventh tranche (the "Seventh Tranche") of the multi-year share buyback program of approximately Euro 2.0 billion announced during our 202 ...
These 3 Iconic Brands Just Announced Bigger Dividend Payouts
MarketBeat· 2025-03-07 13:45
Branding and Market Power - Branding is crucial for companies as it can create pricing power and consumer loyalty, even if the product quality is comparable to competitors [2][3] - Successful branding often correlates with long-term business success, allowing companies to return capital to shareholders [2] Coca-Cola - Coca-Cola has a dividend yield of 2.90% with an annual dividend of $2.04 and a 64-year track record of dividend increases [4][6] - The company has a strong market share in the U.S., approximately twice that of Pepsi, attributed to its effective branding [4] - In 2024, Coca-Cola reported an adjusted gross margin of 61%, indicating potential pricing power over Pepsi, which had a margin of 55% [5] Home Depot - Home Depot has a dividend yield of 2.41% with an annual dividend of $9.20 and a 16-year track record of dividend increases [9][10] - The company operates predominantly in the U.S., holding a market capitalization of around $380 billion, significantly larger than its nearest competitor, Lowe's [10] - Home Depot announced a 2.2% increase in its dividend, reflecting its strong market position [10][11] Ferrari - Ferrari announced a 22% increase in its annual dividend to 2.99 euros per share, translating to approximately $3.22 per share [12][14] - The company has a market capitalization exceeding $80 billion, making it more valuable than major U.S. automakers [15] - Ferrari's brand strength is bolstered by its long-standing connection to Formula 1 racing, enhancing its market presence [15]
FERRARI PUBLISHES AGENDA FOR THE 2025 AGM
Newsfilter· 2025-03-05 10:50
Maranello (Italy), March 5, 2025 - Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari") announced today that it has published the agenda and the explanatory notes for the 2025 Annual General Meeting of Shareholders ("AGM"), which will be held on April 16, 2025 in Amsterdam, beginning at 9:00 a.m. CEST. Ferrari's AGM notice and explanatory notes, AGM materials and other instructions are available under the section Governance on Ferrari's corporate website at https://www.ferrari.com/en-EN/corporate, where they can be v ...
FERRARI PARTICIPATED AS A PURCHASER IN EXOR'S ACCELERATED BOOKBUILD OFFERING
Newsfilter· 2025-02-27 06:39
Core Viewpoint - Ferrari N.V. has announced a share repurchase of 666,666 common shares for a total of Euro 300 million as part of its ongoing share buyback program [1][2]. Group 1: Share Buyback Program - The recent transaction is the seventh tranche of a multi-year share buyback program totaling approximately Euro 2.0 billion, which was initially announced during the 2022 Capital Markets Day [2]. - The buyback falls within the limits set by the share buyback mandate approved at the April 17, 2024 Annual General Meeting, allowing the purchase of up to 10% of the Company's common shares over an eighteen-month period [2]. Group 2: Financial Details - The transaction will be financed using Ferrari's cash on hand and is expected to settle on March 3, 2025 [1][3]. - The Company will continue to execute the buyback program in line with its Industrial Free Cash Flow generation [3]. Group 3: Regulatory Information - A registration statement on Form F-3 related to the offering of Ferrari's common shares by Exor has been filed with the U.S. Securities and Exchange Commission on February 26, 2025 [4].
FERRARI PARTICIPATED AS A PURCHASER IN EXOR’S ACCELERATED BOOKBUILD OFFERING
Globenewswire· 2025-02-27 06:39
Core Points - Ferrari N.V. has announced a share repurchase of 666,666 common shares for a total of Euro 300 million, financed by its cash reserves [1][2][3] - This transaction is the seventh tranche of a multi-year share buyback program totaling approximately Euro 2.0 billion, which was initially announced during the 2022 Capital Markets Day [2] - The buyback program is authorized to purchase up to 10% of the Company's common shares within an eighteen-month period following the April 17, 2024 Annual General Meeting of Shareholders [2] - The transaction is expected to settle on March 3, 2025, and the Company will continue to execute the buyback program in line with its Industrial Free Cash Flow generation [3] Additional Information - A registration statement related to the offering of Ferrari's common shares by Exor has been filed with the U.S. Securities and Exchange Commission on February 26, 2025 [4]
Ferrari: Announcement of the Seventh Tranche of the Multi-Year Share Repurchase Program by Participating as a Purchaser in Exor's Accelerated Bookbuild Offering
Newsfilter· 2025-02-26 17:12
Ferrari, following the accelerated bookbuild offering announced by Exor on February 26, 2025, intends to repurchase up to 10% of Exor's total offering up to a maximum of Euro 300 millionThis share repurchase is to be considered as a part of Ferrari's multi-year Euro 2.0 billion share buyback program as announced during our 2022 CMD. It will constitute the seventh tranche and it will be financed by Ferrari's cash on handOn February 20, 2025, Ferrari completed the sixth tranche announced on December 5, 2024 ...