A Maranello is ready dividend of 250 million euros for shareholders Ferrari. The carmaker’s board of directors will propose to shareholders a distribution of € 1.362 for each ordinary share, an increase of 57% over the previous year. The proposal must be approved by the assembly, scheduled for April 13th.
The ex-dividend date is scheduled for April 19, while the date of entitlement to receive the dividend will be the following day, April 20, for the shares traded both at the Exm in Milan and at the NYSE in New York. The actual dividend payment date is instead scheduled for May 6, 2022.
We remind you that as part of the ordinary share buyback program, from January 1, 2022 to February 18, 2022, the Maranello company purchased a further 390,819 ordinary shares for a total consideration of 80.1 million euros. As of February 18, 2022, the company held a total of 10,470,922 ordinary shares. Also noteworthy is the decrease in the amount of salaries for management
According to the latest reports published by Ferrari, it is confirmed that the company is healthy. Cavallino’s management believes that its total available liquidity (defined as cash plus unused committed credit lines), in addition to the funds that will be generated by operating activities, will allow Ferrari to meet the requirements of its investment activities and needs. of working capital satisfy the obligations to repay its debt, guaranteeing an adequate level of operational and strategic flexibility. Ferrari believes that there are no significant risks of lack of liquidity.
“2021 was a pivotal year for Ferrari. It has been a year of continuity and renewal, with innovation and growth as the main themes, in line with our strategic objectives of brand exclusivity, product excellence, loyalty to our racing DNA and achieving carbon neutrality by 2030. Our Annual financial results, with double-digit growth in all key financial indicators and above our indications, once again demonstrated the solidity of our business model. Last year the group delivered 11,115 cars, recorded net revenues of 4,271 million euros and an exceptional EBITDA margin at a record level of 35.9%.. In addition to these figures, there has been an exceptional collection of orders, in line with our strategy of pursuing controlled growth and preserving the exclusivity of the brand.“, Wrote John Elkann and the managing director Benedetto Vigna in the financial report of the Cavallino.
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