Maranello (Italy), 17 January 2025 - Ferrari N.V. (the “Company”) (NYSE/EXM: RACE) announced today the following corporate calendar for year 20251: Earnings Releases 4 February 2025 - Group results for 4th quarter and full-year 20246 May 2025 - Group results for 1st quarter 202531 July 2025 - Group results for 2nd quarter 20254 November 2025 - Group results for 3rd quarter 2025 A conference call for financial analysts is also planned on the date of each earnings release. Listen only live webcasts of the pr ...

DENVER, Jan. 10, 2025 (GLOBE NEWSWIRE) -- The application period for the 2024 Adam Ferrari Health Science Scholarship, sponsored by The Ferrari Foundation, has officially closed. This $20,000 scholarship program, spearheaded by Adam Ferrari, CEO of Phoenix Capital Group, attracted an impressive and diverse group of first-year health science students from across the country. These aspiring healthcare professionals share a common goal: to improve care for individuals with physical disabilities. The scholarshi ...

Meet Ferrari's (RACE 0.38%) newest supercar, the F80. While it might be nearly impossible to get your hands on one, considering Ferrari's notorious exclusivity with selling its vehicles, it's likely to help power the automaker's future profits. And if you can't buy a Ferrari F80, buying the stock might just be your next best option.Here's why. Ferrari is powering profitsThe F80 packs a punch, no matter how you look at it. Whether it's the sharp red paint Ferraris are known for, the top speed of nearly 220 m ...

I aim to invest in companies with perfect qualitative attributes, buy them at an attractive price based on fundamentals, and hold them forever. I hope to publish articles covering such companies approximately 3 times per week, with extensive quarterly follow-ups and constant updates.I manage a concentrated portfolio targeted at avoiding losers and maximizing exposure to big winners. This means that often I'll rate great companies at a 'Hold' because their growth opportunity is below my threshold, or their d ...

Workers on the production line at the new Ferrari NV E-building factory in Maranello, Italy, on Friday, June 21, 2024.Ferrari is thought to be something of a special case among Europe's automobile sector even as many car giants come under pressure from the threat of U.S. tariffs.President-elect Donald Trump on Monday vowed to impose steep tariffs on China, Canada and Mexico in one of his first acts in office, threatening to shake up the auto industry's supply chains and raising investor concerns about highe ...

AUSTIN, Texas, Nov. 27, 2024 (GLOBE NEWSWIRE) -- AutoScheduler.AI, an innovative Warehouse Orchestration Platform and WMS accelerator, announces hosting a LinkedIn Live event with Supply Chain Industry Analyst, Bob Ferrari. The insightful LinkedIn Live event, “Supply Chain 2025: What to Expect (and What Not to) in a Volatile World,” explores predictions for the year ahead in the supply chain. “Some predictions align with emerging trends, while others challenge the market’s conventional wisdom,” says Keith M ...

There are some special businesses out there that just don't fit neatly into the traditional industry buckets. For example, while Ferrari (RACE 1.89%) is certainly a car manufacturer, it's also a world-renowned luxury brand. That distinctive combination has worked to its benefit.Since this automaker's initial public offering in October 2015, its stock has soared by 691% (as of this writing). That's a nearly eight-fold gain in roughly nine years' time. But with that impressive performance in the rear-view mir ...

SINGAPORE, Nov. 18, 2024 (GLOBE NEWSWIRE) -- MEXC, a leading cryptocurrency exchange, has launched a Ferrari Giveaway event that features a notable prize pool of 10,000,000 USDT. This initiative aims to provide users with a unique opportunity to win a Ferrari SF90 Stradale and other exclusive items while engaging with the platform. The event is open for participation until December 17, 2024, welcoming users from around the world. Event overview Prize Pool: The giveaway includes a total prize pool of 10,000 ...

Investment Rating - The report assigns an "Overweight" rating for Ferrari (RACE) as a first coverage [1][5]. Core Views - Ferrari's revenue for Q3 2024 reached €1.64 billion, reflecting a year-on-year increase of 7%. The adjusted EBITDA was €640 million, also up 7%, with an EBITDA margin of 38.8%, slightly improved by 0.2 percentage points from the previous year. The adjusted net profit was €375 million, marking a 13% increase, with a net profit margin of 22.8%, up by 1.3 percentage points year-on-year [1][2]. - The company maintains its full-year guidance for 2024, expecting total revenue to exceed €6.55 billion, with adjusted EBIT of at least €1.82 billion and an adjusted EPS of at least €7.90 [2][5]. Summary by Sections Financial Performance - Q3 2024 total revenue was €1.64 billion, with automotive and parts revenue at €1.40 billion, up 5% year-on-year. Sponsorship and commercial revenue increased by 20% to €170 million, driven by new sponsorship deals [2]. - The gross margin for Q3 was 49.7%, with selling and administrative expenses rising by 13.4% to €135 million. R&D expenses decreased by 4.1% to €210 million due to the phasing out of certain models [2][5]. Market Performance - Ferrari's stock performance over the past month was -1.45%, while it gained 6.28% over three months and 33.74% over the past year. In comparison, the S&P 500 index increased by 4.09% in the last month, 13.15% in three months, and 35.42% over the past year [2][5]. Regional Sales - Total vehicle shipments in Q3 2024 were 3,383 units, down 2% year-on-year. The Asia-Pacific region, including mainland China, Hong Kong, and Taiwan, saw a significant decline of 29% in shipments [2][5].

Denver, Colorado, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Phoenix Capital Group CEO Adam Ferrari recently shared significant milestones from the company’s Williston Basin drilling operations in North Dakota’s Bakken Formation. After releasing impressive production numbers from the company’s Nate Pad in early October, Ferrari announced the successful completion of five 3-mile horizontal wells on both the Daniele and Axel Ferrari pads. Phoenix is now managing 37 gross operated wells, with 32 currently in production ...