Ferrari N.V (RACE) revenue rises but falls short of consensus estimate

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Go back to Ferrari N.V (RACE) revenue rises but falls short of consensus estimate

Robust Mix Sustained a Strong Start to the Year

May 7, 2024 6:41 AM EDT

Robust Mix Sustained a Strong Start to the Year

Net revenues of Euro 1,585 million, up 10.9% versus prior year, with total shipments of 3,560 units $1flat versus Q1 2023Adjusted EBIT(1) of Euro 442 million, up 14.8% versus prior year, with adjusted EBIT(1) margin of 27.9%Adjusted net profit(1) of Euro 352 million and adjusted diluted EPS(1) at Euro 1.95Adjusted EBITDA(1) of Euro 605 million, up 12.7% versus prior year, with adjusted EBITDA(1) margin of 38.2%Industrial free cash flow(1) generation of Euro 321 million

The start of the year was very positive: revenues and profits recorded... More

Ferrari N.V.: Periodic Report on the Buyback Program

May 6, 2024 5:21 AM EDT

Maranello (Italy), May 6, 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... More