Ferrari N.V. Advances its Multi‑Year Share‑Buyback Programme
Ferrari N.V. has released the latest update on its multi‑year share‑buyback programme, confirming that the second tranche, which commenced in April, continues to proceed in a measured and disciplined manner. The company had initially announced a total buy‑back target of approximately €3.5 billion for 2025.
Progress in Milan and New York
During the first few days of July, Ferrari purchased a series of common shares on the Euronext Milan market. The purchase price displayed a mild downward trend, resulting in a slightly lower average transaction price as the programme progressed. The cumulative amount spent on Milan trades has reached €180 million. Simultaneously, comparable transactions on the New York Stock Exchange have added a similar sum when expressed in U.S. dollars.
By the end of July, Ferrari had repurchased more than 1.6 million of its own shares in total, combining both Milan and New York transactions. These purchases have reduced the number of shares outstanding. After accounting for shares reserved for the company’s equity incentive plan, the treasury holdings represent just under one per cent of the issued equity.
Transparency and Disclosure
Ferrari’s filing included a full listing of the daily transactions, with detailed information on the number of shares bought, the average price, and the consideration paid. The company has made this data available on its corporate website for shareholders and market observers. The update was filed as a 6‑K report with the U.S. Securities and Exchange Commission and was accompanied by a press release summarising the key points of the programme.
Outlook
No additional strategic or financial guidance beyond the continuation of the buy‑back plan was provided. The company’s chief financial officer confirmed that the programme remains on track for completion by 2030.
The steady pace of Ferrari’s share repurchases reflects a disciplined approach to capital allocation, reinforcing the company’s commitment to enhancing shareholder value while maintaining flexibility to address future strategic opportunities.
