Ferrari Share Buyback Program
Ferrari has been actively purchasing its own shares as part of its multi-year share buyback program. Since the program’s inception, the company has acquired shares worth over Euro 1.6 billion.
Key Statistics:
- Total consideration for share buybacks: Euro 1.6 billion
- Duration of share buyback program: multi-year
Demographic Shift
According to Ferrari’s CEO, Benedetto Vigna, nearly half of the company’s new clients are under the age of 40. This represents a significant increase from 18 months ago.
Market Trends
- Average age of new clients: under 40
- Increase in new clients under 40: significant
- Average age of buyers in China: 10 years younger than global average
Upcoming Launch
Ferrari is preparing to launch its first fully electric vehicle in October. This launch is expected to be a significant milestone for the company.
Key Dates:
- Launch of first fully electric vehicle: October