Ferrari(RACE)

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FERRARI ANNOUNCES SETTLEMENT OF ITS NOTES OFFERING
globenewswire.com· 2024-05-21 12:34
corporate. ferrari.com Maranello (Italy), 21 May 2024 – Ferrari N.V. (NYSE/EXM: RACE) announces the settlement of the offering, previously announced, of Euro 500 million in aggregate principal amount of 3.625% notes due on 21 May 2030, with an issue price of 99.677% (the "Notes"). The net proceeds of the offering were approximately Euro 497 million after payment of offering costs and related expenses. The Notes have been admitted to the Official List of Euronext Dublin and to trading on the regulated market ...
Ferrari N.V.: Periodic Report on the Buyback Program
Newsfilter· 2024-05-20 09:42
Since the announcement of such Fourth Tranche till May 17, 2024, the total invested consideration has been: As of May 17, 2024, the Company held in treasury No. 13,964,143 common shares equal to 5.43% of the total issued share capital including the common shares and the special voting shares, net of shares assigned under the Company's equity incentive plan. 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 ...
Ferrari N.V.: Periodic Report on the Buyback Program
globenewswire.com· 2024-05-20 09:42
(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase 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 ...
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. Ferrari's gross margin has averaged a ridiculous 50% in the past five years. Compare that to mass-m ...
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
Ferrari N.V. (NYSE:RACE) Q1 2024 Earnings Conference Call May 7, 2024 9:00 AM ET Company Participants Nicoletta Russo - Head of Investor Relations Benedetto Vigna - Chief Executive Officer Antonio Picca Piccon - Chief Financial Officer Conference Call Participants George Galliers - Goldman Sachs John Murphy - Bank of America Tom Narayan - RBC Capital Markets Monica Bosio - Intesa SanPaolo Adam Jonas - Morgan Stanley Michael Binetti - Evercore ISI Stephen Reitman - Bernstein SG Anthony Dick - ODDO BHF Martin ...
Ferrari(RACE) - 2024 Q1 - Quarterly Report
2024-05-07 16:20
Exhibit 99.1 Ferrari N.V. Interim Report At and for the three months ended March 31, 2024 CONTENTS | | Page | | --- | --- | | BOARD OF DIRECTORS | 1 | | INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 1 | | CERTAIN DEFINED TERMS | 1 | | INTRODUCTION | 2 | | FORWARD-LOOKING STATEMENTS | 3 | | MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | | | Highlights | 5 | | Results of Operations | 8 | | Liquidity and Capital Resources | 12 | | Non-GAAP Financial Measures | 18 | | ...