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Ferrari NV (RACE.MI)

RACE.MI on Milan Stock Exchange

141.55EUR
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Latest Key Developments (Source: Significant Developments)

Ferrari: Scuderia Ferrari Extends Its Partnership With Philip Morris International
Tuesday, 20 Feb 2018 07:57am EST 

Feb 20 (Reuters) - Ferrari ::SAYS SCUDERIA FERRARI HAS EXTENDED ITS PARTNERSHIP AGREEMENT WITH PHILIP MORRIS INTERNATIONAL.  Full Article

Ferrari To Launch Common Shares Buyback Program Of Up To EUR 100 Mln
Friday, 9 Feb 2018 07:26am EST 

Feb 9 (Reuters) - FERRARI ::TO LAUNCH COMMON SHARES BUYBACK PROGRAM.SAYS TO LAUNCH COMMON SHARES BUYBACK PROGRAM FOR UP TO 100 MILLION EUROS.  Full Article

Ferrari sees same capex levels for couple of years - CEO
Thursday, 1 Feb 2018 11:59am EST 

Feb 1 (Reuters) - Ferrari Chief Executive Officer Sergio Marchionne tells analysts on a conference call: :SEES COUPLE OF YEARS OF SAME CAPEX AS THE 550 MILLION EUROS FORECAST FOR 2018.IF THERE IS AN ELECTRIC SUPERCAR, IT WILL BE DONE BY FERRARI; WHAT'S OUT IN THE MARKET ALREADY FALLS "SUBSTANTIALLY SHORT OF THAT".POSSIBLE MAY DOWNSIZE ENGINE IN FUTURE MODELS.VALUE OF HAVING CASH ON COMPANY'S BALANCE SHEET IS ZERO.PUSH TO EXPAND BRAND INTO OTHER LUXURY AREAS BEYOND CARS HAS NOT STOPPED, BUT NOT INCLUDED IN NUMBERS TO 2022.  Full Article

Ferrari to hold capital markets day in Q3, probably in September - CEO
Thursday, 1 Feb 2018 11:00am EST 

Feb 1 (Reuters) - Ferrari Chief Executive Sergio Marchionne told analysts in a post-results conference call: :TO HOLD CAPITAL MARKETS DAY IN Q3, PROBABLY IN SEPTEMBER.  Full Article

Ferrari Q4 Adj. EBITDA EUR 258 Mln, Plans To Be Net Industrial Debt Free No Later Than 2021‍​
Thursday, 1 Feb 2018 06:19am EST 

Feb 1 (Reuters) - FERRARI ::Q4 ADJUSTED EBITDA EUR 258 MILLION VERSUS EUR 251 MILLION YEAR AGO.NET INDUSTRIAL DEBT AT END-DEC AT EUR 473 MILLION VERSUS DEBT OF EUR 653 MILLION AT 2016-END.Q4 NET REVENUES EUR 840 MILLION VERSUS EUR 836 MILLION YEAR AGO.PROPOSES DIVIDEND OF EUR 0.71 PER SHARE.SEES 2018 SHIPMENTS OF > 9,000 INCLUDING SUPERCARS.OUTLOOK 2018: ADJUSTED EBITDA EUR 1.1 BILLION OR MORE.OUTLOOK 2018: NET REVENUES EUR 3.4 BILLION OR MORE.OUTLOOK 2018: NET INDUSTRIAL DEBT EUR <400 MILLION.OUTLOOK 2018: CAPITAL EXPENDITURES: ABOUT EURO 550 MILLION.TARGETING EURO 2 BILLION ADJUSTED. EBITDA AND EUR 1.2 BILLION INDUSTRIAL FREE CASH FLOW NO LATER THAN 2022.PLANS TO BE NET INDUSTRIAL DEBT FREE (AFTER DIVIDEND/CAPITAL DISTRIBUTIONS AND EXCLUDING SHARE REPURCHASES) NO LATER THAN 2021‍​.  Full Article

Ferrari announces pricing of Euro 700 mln issues of notes
Thursday, 9 Nov 2017 03:25pm EST 

Nov 9 (Reuters) - Ferrari Nv ::Ferrari says announces pricing of a Euro 700 million issues of notes due in Jan 2021‍​.Ferrari says issue price of notes is equal to 99.557 percent of their principal amount and the notes have a fixed annual coupon of 0.25 percent.  Full Article

Ferrari rules out Porsche-like volumes for future products
Thursday, 2 Nov 2017 11:12am EDT 

Nov 2 (Reuters) - Ferrari Chief Executive Sergio Marchionne tells analysts in a post-results call: :any future product portfolio expansion rules out large volume production seen at Porsche..  Full Article

Ferrari CEO promises significant margin expansion with new business plan
Thursday, 2 Nov 2017 11:11am EDT 

Nov 2 (Reuters) - Ferrari Chief Executive Sergio Marchionne tells analysts in a post-results conference call: :new five-year business plan will show business capable of significant EBITDA margin expansion.2017 guidance is conservative and deliverable, "minimum set of achievable returns".waiting list for its cars above 12 months.  Full Article

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Ferrari will expand its lineup of road cars, but not too much

PEBBLE BEACH, Calif. Italian premium sports car maker Ferrari NV will expand sales of easier-driving grand touring cars, but will not try to chase rival Porsche's annual sales volume, Ferrari Chairman John Elkann told an audience of classic car enthusiasts gathered at this storied golf resort on the Pacific coast.

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