CuorerouC/iStock Editorial via Getty Images Here at the Lab, we had a good timing rating on Ferrari (NYSE:RACE). Following a rating downgrade (Fig 1), the company released the Q1 earnings, and despite solid results, Ferrari's total return was negative compared to the S&P 500 changes. As a reminder for our new readers, since early 2022, we have been overweight Ferrari with a publication called RACE Again, recording a triple-digit return. Mare Ev. Lab Rating Update Fig 1 Before moving on with our negative ...

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 m ...

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 m ...

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 ...

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 ...

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 ...

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 & ...

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 ...

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 ...

业绩总结 - 2024年第一季度，公司收入约为16亿欧元，同比增长10.9%[5] - 调整后的EBIT为4.42亿欧元，EBIT利润率为27.9%[7] - 调整后的EBITDA为6.05亿欧元，EBITDA利润率为38.2%[7] - 2024年第一季度净收入为15.85亿欧元，同比增长10.9%[31] - 2024年第一季度净利润为3.52亿欧元，同比增长18.5%[31] - 2024年第一季度基本每股收益为1.95欧元，同比增长19.6%[31] - 2024年第一季度自由现金流为3.21亿欧元，同比增长19.2%[7] - 2024年第一季度现金流来自经营活动为505百万欧元，较Q1 '23的398百万欧元增长26.9%[38] 用户数据 - 2024年第一季度交付量为3560辆，同比下降0.2%[7] - 2024年第一季度，混合动力车型的市场份额达到46%[8] - 2024年第一季度员工持股计划的参与率为98%[5] 未来展望 - 2024年净收入指导目标超过64亿欧元，调整后EBIT目标至少为17.7亿欧元[12] - 2024年调整后每股收益目标至少为7.50欧元[12] - 2024年调整后EBITDA目标至少为24.5亿欧元，EBITDA利润率目标不低于38%[12] 研发与费用 - 2024年第一季度研发费用为2.31亿欧元，同比增长7.9%[31] - 2024年第一季度销售、一般和行政费用为1.24亿欧元，同比增长8.8%[31] 财务状况 - 截至2024年3月31日，净工业债务为3800万欧元，较2023年12月31日的9900万欧元有所改善[19] - 截至2024年3月31日，净工业现金为38百万欧元，较2023年12月31日的-99百万欧元有所改善[39] - 截至2024年3月31日，净债务为-1,257百万欧元，较2023年12月31日的-1,355百万欧元有所改善[39] - 2024年第一季度的有效税率为20.0%，较2023年第一季度的22.0%有所下降[31]