Ferrari Completes €250M First Tranche Buyback, Launches New €250M Second Tranche
Ferrari N.V. has successfully completed the first tranche of its multi-year share buyback program, repurchasing 850,054 common shares for a total consideration of approximately €250 million. As of April 9, 2026, the company held 17,494,660 common shares in treasury, representing 9.02% of its total issued common shares. This strategic move is part of a larger €3.5 billion multi-year program expected to be executed by 2030, demonstrating Ferrari's commitment to enhancing shareholder value and managing its capital structure. The company is now set to launch a second tranche of up to €250 million, starting April 13, 2026, and concluding by August 28, 2026, which will be funded through available cash and may be used to meet obligations from its equity incentive plan.
Key Highlights
- Ferrari completed the first tranche of its multi-year share buyback program, repurchasing 850,054 common shares for a total consideration of €249,999,221.05.
- The first tranche included purchases of 680,168 common shares on Euronext Milan for €199,999,486.77 and 169,886 common shares on the NYSE for $57,884,510.41 (equivalent to €49,999,734.27).
- As of April 9, 2026, Ferrari held 17,494,660 common shares in treasury, corresponding to 9.02% of the total issued common shares.
- A second tranche of up to €250 million is scheduled to commence on April 13, 2026, and is expected to end no later than August 28, 2026.
- The second tranche comprises a non-discretionary buyback agreement for up to €200 million on Euronext Milan and an additional mandate for up to €50 million on the New York Stock Exchange.
- This buyback activity is part of a larger multi-year share buyback program of approximately €3.5 billion, expected to be executed by 2030.