Ferrari N.V. Completes Major Share Buyback Initiative
Ferrari N.V. (“Ferrari” or the “Company”) has successfully finalized its multi-year share buyback program, purchasing shares valued at approximately Euro 360 million under its eighth tranche, part of a larger Euro 2 billion initiative expected to conclude by 2026. This commitment aligns with the expectations set during a recent Capital Markets Day, illustrating Ferrari's dedication to enhancing shareholder value.
The Eighth Tranche: Key Highlights
As the Company announced, the eighth tranche has concluded with notable success, having purchased a total of 15,399 common shares across various dates in December 2025. Throughout this process, common shares transactions occurred on the prestigious New York Stock Exchange (NYSE), showcasing Ferrari's robust market engagement.
Summary of Transactions
Through the shares purchased on December 9, 10, and 12, 2025, Ferrari reported a total net consideration amounting to approximately Euro 5.66 million, culminating in an aggregate shareholding enhancement. The average price per share for these purchases hovered around 367.80 euros, demonstrating Ferrari's strategic investment approach. This successful phase marks a significant milestone in the larger share buyback framework.
Future Directions: New Share Buyback Program
Building upon this momentum, Ferrari is set to initiate a new multi-year buyback program with a proposed budget of Euro 3.5 billion, expected to span until 2030. This ambitious program is designed to strengthen shareholder returns and reflects the Company’s confidence in its long-term performance and growth prospects.
First Tranche Details
The first tranche of this new initiative will see up to Euro 250 million allocated, beginning January 5, 2026. Both segments of this initial phase aim to facilitate share repurchases without hindering the Company’s operational capacities or investment strategies.
Funding the New Initiatives
This newly proposed buyback program will be primarily funded through available cash reserves. It's noteworthy that the repurchased shares might be utilized to meet obligations stemming from Ferrari’s equity incentive plans, aligning incentives with shareholder interests. This underscores Ferrari's strategic foresight and fiscal responsibility.
Execution of the First Tranche
The execution of the initiatives under this first tranche incorporates two pivotal components: a non-discretionary buyback agreement worth up to Euro 200 million, and a further Euro 50 million allowance for trades executed on the NYSE. These strategic arrangements ensure that the Company's buyback activities remain compliant with regulations while capitalizing on market opportunities as they arise.
Current Treasury Position
As of now, Ferrari holds approximately 16,644,606 common shares in treasury, accounting for about 8.58% of the total issued common shares. This robust treasury position not only reflects sound financial management but also indicates a strong commitment to valuing shareholders while maintaining strategic flexibility.
Implications for Investors
With its successful completion of the share buyback program and the launch of a new initiative, Ferrari demonstrates an impressive trajectory in maintaining shareholder engagement. Investors can anticipate transparent communication regarding the repurchase transactions as required by rigorous market regulations, providing insights into Ferrari's ongoing commitment to shareholder value.
Frequently Asked Questions
What is the total amount allocated for Ferrari's new buyback program?
The total amount allocated for the new multi-year buyback program is approximately Euro 3.5 billion.
How many common shares did Ferrari purchase in the Eighth Tranche?
Ferrari purchased a total of 15,399 common shares in the Eighth Tranche.
When will the first tranche of the new buyback program begin?
The first tranche of the new buyback program is expected to commence on January 5, 2026.
How is Ferrari funding the new buyback initiatives?
The new buyback initiatives will be funded through the Company’s available cash reserves.
What percentage of total shares does Ferrari currently hold in treasury?
Ferrari currently holds approximately 8.58% of the total issued common shares in treasury.