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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Ferrari's unique assets include strong earnings visibility, a growing target audience of ultra-high-net-worth individuals, and a strong shield from global economic changes. The company's business model focuses on exclusivity and restrictive volumes, which strengthens pricing power and customer satisfaction. Ferrari's profitability has significantly increased, with a focus on mix/price and personalization driving growth and margins. The company is sold out and expects strong momentum in personalization in the future.

Ferrari's Profit Mastery Unveiled: The Path To Unprecedented Growth

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LAS VEGAS--(BUSINESS WIRE)--ZCG, Team Partner of Scuderia Ferrari, announced today the exciting activities dedicated to race fans which will take place at the ZCG/Scuderia Ferrari Team Partner Fan Zone, hosted by Silver Sevens Hotel & Casino during the Las Vegas Grand Prix. This multi-day event will include an extensive program dedicated to attending guests, including live appearances of Scuderia Ferrari Formula 1 Team Driver, Charles Leclerc, Team Principal, Fred Vasseur, and Reserve Drive.

The ZCG / Scuderia Ferrari Fan Zone Hosted at Silver Sevens Hotel & Casino to Include Exclusive Appearances by Scuderia Ferrari Official Driver Charles Leclerc, Team Manager & General Manager Fred Vasseur, and Reserve Driver Robert Shwartzman

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Microsoft is a highly profitable business with a strong competitive advantage. Ferrari is one of the top luxury brands in the world, and its high-priced cars allow it to report strong profit margins.

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A 1962 Ferrari has sold for a record $51.7m (£42m) at a Sotheby's auction in New York.

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Luxury sportscar maker Ferrari said on Monday it would hire 250 people in the first six months of next year and announced progammes for workers including a new share ownership plan and an enhanced bonus scheme.

Ferrari to hire 250 in first half of next year, launch employee share plan

Maranello, 13 November 2023 – Ferrari announces 250 new hires in the first six months of 2024, half of which should be confirmed in January, and will also launch a series of initiatives to provide even greater support for its people.

Ferrari: New Hires and New Initiatives for Its People

Ferrari races along, relentlessly making more money. After improving profits, it raised its forecast for the year, and analysts expect bottom line health to continue.

Ferrari Reports Improved Profits, Expects Even More

Ferrari stock is in the buy zone following its earnings report.

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SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- #barrettjackson--Barrett-Jackson, The World's Greatest Collector Car Auctions, will auction a highly desirable, one-of-one 2015 Ferrari LaFerrari owned by legendary Rock & Roll Hall of Fame inductee, multi-platinum solo artist and former Van Halen front man Sammy Hagar during the 2024 Scottsdale Auction, January 20-28 at WestWorld of Scottsdale. One of just 499 units originally produced, this LaFerrari is a masterpiece of engineering and design that represents the pinnacl.

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Maranello (Italy), November 7, 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) announces its intention to continue its 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, with a fourth tranche of up to Euro 350 million to start on November 8, 2023 (“Fourth Tranche”) and to end no later than June 26, 2024 with two components:

Ferrari N.V.: Announcement of the Fourth Tranche of the Multi-Year Share Repurchase Program

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Ferrari N.V. (NYSE:RACE ) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Nicoletta Russo - Head of Investor Relations Benedetto Vigna - CEO & Executive Director Antonio Piccon - Chief Financial Officer Adam Jonas - Morgan Stanley Thomas Besson - Kepler Cheuvreux Stephen Reitman - Societe Generale Giulio Pescatore - BNP Paribas Monica Bosio - Intesa Sanpaolo Susy Tibaldi - UBS George Galliers - Goldman Sachs Martino De Ambroggi - Equita Henning Cosman - Barclays Anthony Dick - ODDO BHF John Murphy - Bank of America Operator Good day and thank you for standing by.

Ferrari N.V. (RACE) Q3 2023 Earnings Call Transcript

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Ferrari is relying on a technique normally used for tests of electronic devices to accelerate the development of its first fully electric car, which is expected in late 2025, Chief executive Benedetto Vigna said on Thursday.

Ferrari deploys electronic device testing technique to speed EV car development

Ferrari raised guidance after its third-quarter profit surged 46% year over year. Its customers continue to load up their new Ferraris with expensive options.

Ferrari again raises guidance as customers opt for high-priced, personalized sports cars

Luxury sports car maker Ferrari on Thursday slightly raised its forecasts for its full-year core earnings, after beating estimates with its third quarter results thanks to strong pricing power and product mix, including personalisation.

Ferrari nudges ups forecasts for FY again after beating estimates in Q3

“Another record quarter with profit growth driven by an even richer mix and by the continuing appeal of personalizations leading us to increase year-end guidance. The order book remains at highest levels reflecting strong demand across all geographies, covering the entire 2025,” said Benedetto Vigna, Ferrari Chief Executive Officer. “Our brand's uniqueness has once again contributed to this success, informing everything we do - from car launches, including the latest 296 Challenge and 499P Modificata, to the exclusive experiences we offer our clients, such as the Ferrari Gala recently held in New York and the Finali Mondiali at Mugello circuit”.

ANOTHER RECORD QUARTER SUSTAINING UPWARD REVISED YEAR-END OUTLOOK

Luxury sports carmaker Ferrari has no plans to transfer its registered office from the Netherlands at the moment, a spokesperson for the company said on Wednesday.

Ferrari has no current plans to move registered office from the Netherlands

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Maranello (Italy), October 23, 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 200 million share buyback program announced on June 27, 2023, as the third 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 “Third Tranche”), the additional common shares - reported in aggregate form, on a daily basis on the New York Stock Exchange (NYSE) as follows:

Ferrari N.V.: Completion of the Third Tranche of the Multi-Year Share Repurchase Program

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