iHub News
2週前
Ferrari Group shares jump after Q1 organic revenue growth beats expectations (RACE)May 20, 2026 6:55 AM
IH Market News Ferrari N.V. (NYSE:RACE) shares climbed more than 9% on Tuesday after the company reported first-quarter revenue of €90 million, supported by organic growth of 7.4% compared with the same period last year.The group said performance was driven by strong contributions from subsidiaries in Brazil, the United States and the United Arab Emirates, while Asian operations continued to face pressure due to ongoing weakness in the Chinese market.Ferrari also noted that newly launched hubs in Saudi Arabia and Vietnam generated revenue during the quarter, while operations established earlier — including Botswana, which opened in 2024 — have evolved into stable contributors to the business.Analysts at Goldman Sachs Group, Inc. described the trading update as “in line with our expectations.”The company reaffirmed its full-year guidance, forecasting revenue growth of between 3% and 6% at constant exchange rates, while expecting its adjusted EBITDA margin to remain broadly stable compared with the 26% recorded in 2025.Ferrari stock price Original: Ferrari Group shares jump after Q1 organic revenue growth beats expectations (RACE)
iHub News
2週前
Ferrari Group shares surge after first-quarter organic growth tops 7%May 19, 2026 6:59 AM
IH Market News Ferrari Group (NYSE:RACE) shares climbed more than 8% on Tuesday after the company reported first-quarter revenue of €90 million and organic year-on-year growth of 7.4%.The company said results were supported by strong performances from subsidiaries in Brazil, the United States and the United Arab Emirates, while trading conditions in Asia continued to be affected by persistent weakness in the Chinese market.Ferrari Group also noted that recently launched hubs in Saudi Arabia and Vietnam contributed revenue during the quarter. Meanwhile, operations established earlier, including the Botswana business opened in 2024, have evolved into stable contributors to the group’s performance.Analysts at Goldman Sachs described the trading update as “in line with our expectations.”The company reaffirmed its full-year guidance, forecasting revenue growth of between 3% and 6% at constant exchange rates, alongside an adjusted EBITDA margin expected to remain broadly consistent with the 26% recorded in 2025.Ferrari stock price Original: Ferrari Group shares surge after first-quarter organic growth tops 7%
iHub News
2週前
Ferrari Group shares surge after first-quarter organic growth tops 7% (RACE)May 19, 2026 6:59 AM
IH Market News Ferrari Group (NYSE:RACE) shares climbed more than 8% on Tuesday after the company reported first-quarter revenue of €90 million and organic year-on-year growth of 7.4%.The company said results were supported by strong performances from subsidiaries in Brazil, the United States and the United Arab Emirates, while trading conditions in Asia continued to be affected by persistent weakness in the Chinese market.Ferrari Group also noted that recently launched hubs in Saudi Arabia and Vietnam contributed revenue during the quarter. Meanwhile, operations established earlier, including the Botswana business opened in 2024, have evolved into stable contributors to the group’s performance.Analysts at Goldman Sachs described the trading update as “in line with our expectations.”The company reaffirmed its full-year guidance, forecasting revenue growth of between 3% and 6% at constant exchange rates, alongside an adjusted EBITDA margin expected to remain broadly consistent with the 26% recorded in 2025.Ferrari stock price Original: Ferrari Group shares surge after first-quarter organic growth tops 7% (RACE)
iHub News
1月前
Ferrari earnings miss expectations as outlook trails forecastsMay 5, 2026 10:58 AM
IH Market News Ferrari (NYSE:RACE) reported first-quarter results that fell short of analyst expectations and issued full-year guidance below consensus, sending its shares slightly lower in U.S. premarket trading.The luxury automaker posted earnings per share of €2.33, missing the €2.37 estimate, while revenue came in at €1.85 billion, slightly ahead of the €1.83 billion consensus and up 3% year over year, or 6% at constant currency.Operating profit reached €548 million, translating to a margin of 29.7%. This marked a 1% increase on a reported basis and an 8% rise at constant currency. EBITDA totaled €722 million, with a margin of 39.1%, up 4% year over year, or 9% at constant currency.Industrial free cash flow improved 5% to €653 million compared to the prior-year period.“Our enriched mix and continued demand for personalizations contributed to the strong earnings we are presenting today. With these results and an order book further extending towards the end of 2027, we confirm our 2026 guidance”, said Benedetto Vigna, CEO of Ferrari.Looking ahead, Ferrari expects full-year 2026 revenue of about €7.50 billion, below the €7.57 billion consensus estimate. The company also projected adjusted diluted EPS of €9.45, under the analyst forecast of €9.77.Ferrari stock price Original: Ferrari earnings miss expectations as outlook trails forecasts
iHub News
3月前
Ferrari Group posts 3% revenue growth to €359.4m in FY25March 5, 2026 6:46 AM
IH Market News
Ferrari Group Plc (NYSE:RACE) reported preliminary full-year 2025 revenue of €359.4 million on Thursday, representing a 3.0% increase compared with the previous year, though the figure came in slightly below analyst forecasts of €360.6 million.On a constant currency basis, revenue grew 4.8%, falling short of the company’s medium-term growth target of 6% to 8%. Foreign exchange movements reduced reported growth by around 1.8%.Fourth-quarter revenue reached €96.0 million, marking a year-on-year increase of 1.4%, while constant currency growth for the period was 5.2%. This compares with 6.1% growth in the third quarter, 4.2% in the second quarter and 3.8% in the first quarter.Regionally, Asia recorded strong momentum in the fourth quarter with growth of 13.9%, reversing the trend seen earlier in the year when the region declined 3.0% for the full year. The improvement was supported by the opening of a new logistics hub in Bangkok, although ongoing weakness in China partly offset the gains.North America and Brazil also delivered solid performance, with fourth-quarter growth of 13.5%, compared with 10.3% for the full year. In Brazil, demand was supported by higher gold prices.The Rest of the World segment reported growth of 14.7% in the fourth quarter, slightly above the 14.1% expansion recorded for the full year.Europe remained broadly stable, posting a 0.4% decline in the fourth quarter following full-year growth of 4.0%.Ferrari Group previously indicated that it expects to maintain an EBITDA margin of about 26.5%, slightly below its medium-term target range of 27% to 29%.Ferrari stock price
Original: Ferrari Group posts 3% revenue growth to €359.4m in FY25
iHub News
3月前
Ferrari to Lift Dividend Significantly in 2026February 20, 2026 4:56 AM
IH Market News
Ferrari (NYSE:RACE) is set to reward shareholders with a substantially higher dividend in 2026. The board of directors of the Maranello-based luxury carmaker has approved a proposal for the upcoming Shareholders’ Meeting to distribute €3.615 per ordinary share — roughly 21% more than last year. The total payout would amount to about €640 million.The proposal will be submitted for approval at the Annual General Meeting scheduled for 15 April 2026.If endorsed by shareholders, the shares will trade ex-dividend on 20 April 2026 on Euronext Milan (EXM) and on 21 April 2026 on the New York Stock Exchange. The record date for both listings will be 21 April 2026, while payment is expected on 5 May 2026.On the market, Ferrari shares showed limited movement at the open on Piazza Affari, edging up 0.20% in early trading to just above €310.Separately, a Form 13F filing submitted to the U.S. Securities and Exchange Commission on 17 February revealed that Citadel sharply increased its exposure to Ferrari in the fourth quarter of 2025.Between the end of September and the end of December, the hedge fund expanded its position by roughly 700%, raising the value of its holding from $14.32 million to over $114 million. The stake — representing 90.5% of Citadel’s total exposure to Italian equities — has grown steadily through the year, rising 323% from about $27 million in the first quarter and 451% from roughly $20.7 million in the second quarter.In addition, the fund led by Ken Griffin built up its derivatives exposure, acquiring 236,200 call options and 376,500 put options during the fourth quarter, bringing the total value of its Ferrari-related derivatives positions to approximately $378.92 million.Ferrari stock price
Original: Ferrari to Lift Dividend Significantly in 2026
iHub News
4月前
Ferrari sets confident earnings target for the year aheadFebruary 10, 2026 9:59 AM
IH Market News
Ferrari (NYSE:RACE) delivered an upbeat outlook for the current financial year, saying it expects adjusted earnings before interest, taxes, depreciation and amortization to reach at least €2.93 billion, slightly ahead of the €2.91 billion forecast by Bloomberg consensus.The luxury sports car manufacturer also exceeded market expectations in the fourth quarter, reporting core income of €700 million on revenue of €1.8 billion, both topping Wall Street estimates.For the full year, net revenues climbed 7% to €7.146 billion, while operating profit rose to €2.11 billion. Ferrari said its performance demonstrated “resilience” despite geopolitical tensions and broader economic uncertainty, including the impact of additional U.S. tariffs on imported European vehicles and ongoing currency volatility.“Demand for Ferrari remains very solid and is managed with discipline in every market reflecting our exclusivity model: our order book extends towards the end of 2027,” chief executive Benedetto Vigna said in a statement.U.S.-listed shares of the Italian automaker surged more than 9% in premarket trading following the update.Ferrari stock price
Original: Ferrari sets confident earnings target for the year ahead