Ferrari

Ferrari NV is a holding company, which engages in the design, engineering, production, and sale of luxury sports cars. The firm's models include the F12Berlinetta, 488GTB, 488 Spider, 458 Speciale, California T, the LaFerrari Hybrid, LaFerrari, and the FF four-wheel drive. It participates in car racing such as Formula One. The company was founded by Enzo Anselmo Ferrari in 1939 and is headquartered in Maranello, Italy.

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Maranello (Italy), February 7, 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) today announced that Lorenzo Giorgetti joins Ferrari today as Chief Racing Revenue Officer, reporting to CEO Benedetto Vigna.

LORENZO GIORGETTI APPOINTED CHIEF RACING REVENUE OFFICER

The stock price of Ferrari NV (NYSE: RACE) increased by 2.47% this past week. This is why.

RACE Stock: 2.47% Increase This Week Explained

Ferrari NV (NYSE:RACE ) Q4 2022 Earnings Conference Call February 2, 2023 8:00 AM ET Company Participants Nicoletta Russo - Head, IR Benedetto Vigna - CEO & Executive Director Antonio Piccon - CFO Conference Call Participants Stephen Reitman - Societe Generale Susy Tibaldi - UBS Giulio Pescatore - BNP Paribas Exane Martino De Ambroggi - Equita George Galliers - Goldman Sachs Group Anthony Dick - ODDO BHF Michael Binetti - Crédit Suisse Thomas Besson - Kepler Cheuvreux Gautam Narayan - RBC Capital Markets Daniel Roeska - Sanford C. Bernstein & Co. Operator Good day, and thank you for standing by.

Ferrari NV (RACE) Q4 2022 Earnings Call Transcript

Ferrari guided to an even stronger year in 2023, boosted by its high-priced sports cars like the Daytona SP3 and the upcoming Purosangue SUV.

Ferrari's profits jump 13% in 2022, supercar maker expects an even better year in 2023

The car maker reported earnings per share of about $1.33 from sales of about $1.5 billion. Its quarterly deliveries rose 13% year over year.

Ferrari Stock Accelerates on Positive Outlook as Earnings Impress

Ferrari expects "even stronger" results this year, it said on Thursday after reporting a 16% jump in core earnings last year on the back of higher sales of its luxury sports cars.

Ferrari revs up for 'even stronger 2023'

“Last year ended with outstanding financial results that met and exceeded our guidance and set new records across all metrics, such as a net profit of Euro 939 million and an industrial free cash flow generation of Euro 758 million. These figures provide the base for an even stronger 2023, fuelled by a persistently high demand for our products worldwide,” said Benedetto Vigna, Ferrari CEO. “Despite a complex global macroscenario, we look ahead with great confidence, encouraged by the many signs and achievements of an evolving Ferrari. We are constantly innovating our products and processes, and getting closer to our decarbonisation targets. All this is possible thanks to the collaboration, will to progress, continuous learning, focus and confidence that set our people apart”.

Ferrari - Record 2022 Results With Expanding Demand. The Order Book Sustains an Even Stronger 2023

Maranello (Italy), 30 January 2023 - Ferrari N.V. (the “Company”) (NYSE/EXM: RACE) announced today the following corporate calendar for year 20231:

2023 Corporate Calendar

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US giant Lithia revs up deal to buy Ferrari dealer Jardine Motors for £300m

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Maranello (Italy), January 20, 2023 - Ferrari N.V. (“Ferrari”) (NYSE/EXM: RACE) announced today that its financial results for the full year and fourth quarter of 2022 will be released on Thursday, February 2, 2023.

Ferrari to Announce 2022 Full Year and Fourth Quarter Financial Results on February 2

Maranello (Italy), January 16, 2023 – Ferrari N.V. (NYSE/EXM: RACE) announces that Ferrari S.p.A., wholly-owned Italian subsidiary of Ferrari N.V., today has signed a multiyear agreement with Asahi Europe & International, Ltd effective from January 1, 2024, through which one of its non-alcoholic brands will appear on the Scuderia Ferrari F1 single-seater and cars of the Ferrari Challenge.

FERRARI ENTERS INTO A PARTNERSHIP AGREEMENT WITH ASAHI EUROPE & INTERNATIONAL

Ferrari is an independent luxury car-maker, which is due to release the Purosangue, a rival to the Urus. The Luxury car market is due to grow at over 10% into 2031, with Ferrari primed to exceed this.

Ferrari Stock Is Expensive Currently

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Ferrari recently launched its first four-seater: the Purosangue. Order books are full two years into the future.

Ferrari: Purosangue Order Books Are Full

EssilorLuxottica extends its partnership with Ferrari , new license agreement for Prancing Horse brand

EssilorLuxottica extends its partnership with Ferrari, new license agreement for Prancing Horse brand

Maranello (Italy), 15 December 2022 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari”) announces that Ferrari S.p.A., its wholly-owned Italian subsidiary, has renewed and expanded the partnership with EssilorLuxottica that began in 2016.

FERRARI EXTENDS ITS PARTNERSHIP WITH ESSILORLUXOTTICA. EYEWEAR LINE LICENCING AND RACING ACTIVITIES SPONSORSHIP BOTH EXPANDED WITH NEW AGREEMENT.

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Maranello (Italy), December 13, 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) today announced that Fred Vasseur will join Scuderia Ferrari on 9 January as Team Principal and General Manager.

FRED VASSEUR APPOINTED SCUDERIA FERRARI TEAM PRINCIPAL

Maranello (Italy),  December 1, 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 150 million share buyback program announced on June 30, 2022, as the initial 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 “First Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) and on the New York Stock Exchange (NYSE) as follows:

FERRARI N.V.: COMPLETION OF THE FIRST TRANCHE AND ANNOUNCEMENT OF THE SECOND TRANCHE OF THE MULTI-YEAR SHARE REPURCHASE PROGRAM

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Maranello (Italy), November 29, 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) announces that it has accepted the resignation of Mattia Binotto who will leave his role as Scuderia Ferrari Team Principal on December 31.

Ferrari Announcement

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This Under-the-Radar Stock Could Easily Be Recession-Proof

Ferrari N.V. (NYSE:RACE ) Q3 2022 Earnings Conference Call November 2, 2022 10:00 AM ET Company Participants Nicoletta Russo - Head of Investor Relations Benedetto Vigna - Group Chief Executive Officer Antonio Picca Piccon - Group Chief Financial Officer Conference Call Participants Michael Binetti - Credit Suisse Giulio Pescatore - BNP George Galliers - Goldman Sachs Adam Jonas - Morgan Stanley Stephen Reitman - Societe Generale Monica Bosio - Intesa Sanpaolo John Murphy - Bank of America Thomas Besson - Kepler Philippe Houchois - Jefferies Tom Narayan - RBC Anthony Dick - ODDO Operator Good day and thank you for standing by.

Ferrari N.V. (RACE) Q3 2022 Earnings Call Transcript

Ferrari raised its full-year guidance for the second time in 2022, after its third-quarter revenue and profit beat Wall Street's estimates.

News for Ferrari Stock (RACE)