Title: Ferrari N.V. Issues Periodic Update on Share Buyback Program
Author: GNW Content (as originally published at Markets.FinancialContent.com)
Ferrari N.V. (NYSE/MTA: RACE), a prestigious Italian automaker known for its high-performance luxury sports cars, has released an official update on its ongoing share buyback program. This periodic announcement provides detailed insights into the company’s financial strategy and its commitment to enhancing shareholder value. The buyback program, which is part of a broader capital allocation policy, reflects Ferrari’s strong financial position and its confidence in the future of the brand.
Below is an expanded overview of Ferrari’s share repurchase activity during the most recent reporting period, including the financial and strategic implications of the program.
Overview of the Share Buyback Program
The current share buyback initiative, as disclosed by Ferrari N.V., is part of a multi-year capital management strategy originally announced in its 2022–2026 strategic plan. The ongoing buybacks not only aim to return value to shareholders but also to gradually reduce the number of outstanding shares, ultimately improving earnings per share.
Key objectives of the buyback program include:
– Enhancing shareholder returns by increasing the value of remaining shares
– Demonstrating management’s confidence in the company’s financial performance
– Providing flexibility in capital structure management
– Offsetting potential dilution from incentive plans or employee compensation shares
Recent Transactions and Financial Summary
Between November 8, 2025, and November 14, 2025, Ferrari executed the following transactions under its buyback program, in alignment with the safe harbor provisions under EU Market Abuse Regulation:
– Total shares repurchased: 26,000 common shares
– Volume-weighted average purchase price: €305.89 per share
– Total consideration paid: Approximately €7.95 million
These transactions were made on both Euronext Milan and the New York Stock Exchange (NYSE), where Ferrari is dually listed, ensuring liquidity and price stability across both platforms.
Breakdown of Repurchase Activity:
The acquired shares during the mentioned week are distributed as follows:
– November 8, 2025: 5,500 shares repurchased
– November 9, 2025: 4,000 shares repurchased
– November 10, 2025: 4,500 shares repurchased
– November 13, 2025: 6,000 shares repurchased
– November 14, 2025: 6,000 shares repurchased
These purchases were executed through a third-party intermediary following the instructions given by Ferrari. The broker acted independently to ensure compliance with applicable market regulations, executing transactions under optimal market conditions and within a pre-agreed framework.
Context Within Strategic Plan
Ferrari’s broader 2022–2026 strategic plan, introduced during the Capital Markets Day in 2022, sets ambitious goals for innovation, sustainability, capital allocation, and technological transformation. The share buyback component is a critical element of this plan, underpinning the company’s strategy to responsibly deploy excess capital.
Key components of the strategic plan related to capital allocation include:
– Cumulative cash return to shareholders expected to exceed €4 billion by the end of 2026
– Approximately 30-40 percent of annual industrial free cash flow to be returned through dividends and share repurchases
– Sustaining an investment-grade credit rating while maintaining financial flexibility for innovation and R&D
These strategic moves reinforce Ferrari’s commitment to balancing growth investments with rewarding shareholders.
Cumulative Buybacks to Date
As of November 14, 2025, the total number of shares repurchased under the current tranche of the program, which began on July 1, 2024, under the authorization granted by the shareholders’ meeting held on April 12, 2024, amounts to:
– Aggregate shares bought back: 1,356,389
– Total value of buybacks: Approximately €393.1 million
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