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Ferrari N.V.: Periodic Report on the Buyback Program
globenewswire.com· 2024-05-20 09:42
Maranello (Italy), May 20, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 350 million share buyback program announced on November 7, 2023, as the fourth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the “Fourth Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on ...
3 Things You Must Know About Ferrari Before You Buy the Stock
The Motley Fool· 2024-05-15 14:07
This business continues putting up strong numbers, which has helped drive investor returns.Ferrari (RACE 0.15%) just reported financial results for the first quarter. They were positive as revenue and adjusted diluted earnings per share rose 11% and 20%, respectively, compared to the year-ago period. But some investors might have been disappointed by the fact that management maintained its full-year outlook.This unstoppable automotive stock has soared 188% just in the past five years, while the S&P 500 is u ...
Ferrari Pricing of Issue of Notes
Newsfilter· 2024-05-14 16:36
Maranello (Italy), 14 May 2024 – Ferrari N.V. (NYSE/EXM: RACE) (the "Issuer") today announces the pricing of a Euro 500 million issue of notes due in May 2030 (the "Notes"), being well over two times oversubscribed. The issue price of the Notes is equal to 99.677% of their principal amount and the Notes have a fixed annual coupon of 3.625%. The proceeds of the issue will be used for general corporate purposes. Banco Santander S.A., BNP Paribas, Citigroup Global Markets Europe AG, Crédit Agricole Corporate & ...
FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
Newsfilter· 2024-05-13 11:50
Maranello (Italy), May 13 2024 – Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") informs that the Company has purchased, under the Euro 350 million share buyback program announced on November 7, 2023, as the fourth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the "Fourth Tranche"), the additional common shares - reported in aggregate form, on a daily basis - on ...
Ferrari Announces Offering of Notes
Newsfilter· 2024-05-13 10:09
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA OR TO ANY U.S. PERSON Maranello (Italy), 13 May, 2024 - Ferrari N.V. ("Ferrari") (NYSE/EXM: RACE) announced today that it plans to offer unsecured debt securities (the "Notes") in benchmark size and subject to market conditions. The Notes are intended to rank pari passu with respect to all other outstanding unsecured and unsubo ...
Ferrari(RACE) - 2024 Q1 - Earnings Call Presentation
2024-05-07 18:18
+28 +3 Industrial FCF Share repurchases Currency, Other & IFRS 16 March 31, 2024 Net Industrial Cash Q1 '23 • Multi-year share repurchase program ongoing, €136M repurchased in the quarter 2024 GUIDANCE CONFIRMED | --- | --- | |-------|-------------------------------------------------------------------------------------------------------------| | | | | • | Positive product and country mix along with strong | | | personalizations | | • | Racing activities impacted by lower Formula 1 ranking | | | in 2023 desp ...
Ferrari(RACE) - 2024 Q1 - Earnings Call Transcript
2024-05-07 18:06
Thank you. The Dodici Cilindri, well, this -- the order of these two cars are not yet in our portfolio. So normalization for us meant that, as we said also at the beginning of the -- the year in February, we were expecting the product portfolio to go a little bit down because there was not too much for the client to order. And this question, I would like to take this opportunity to clarify something important. The order book that we have goes well into 2026, this is very important. I want to clarify this be ...
Ferrari(RACE) - 2023 Q4 - Annual Report
2024-02-21 16:00
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule101(b)(1): o UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K _______________________________ REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 (For the month of February 2024) Commission File No. 001-37596 _______________________________ FERRARI N.V. (Translation of Registrant's Name Into English) Via Abetone ...
Ferrari(RACE) - 2023 Q4 - Annual Report
2024-02-21 16:00
Ferrari N.V. 2023 ANNUAL REPORT AND FORM 20-F ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 OR Via Abetone Inferiore n. 4 I-41053 Maranello (MO) Ital ...
Ferrari(RACE) - 2023 Q4 - Earnings Call Transcript
2024-02-01 19:27
Company Participants Conference Call Participants Operator Nicoletta Russo Benedetto Vigna And now after the numbers, let's deep dive into our racing activities. Winning the 24 hours of Le Mans was an unforgettable day for our history. I was there. They will never forget June 11 afternoon because it saw our victorious return to the top class of the World Endurance Championship on the centenary of this legendary 24 hour race. The Ferrari 499P win was a true team effort. Every area, every area of our company ...