Ferrari N.V. Completes Second Tranche of Multi‑Year Share Buyback Programme
Ferrari N.V. has announced that it has concluded the second tranche of its multi‑year share buyback programme, originally launched in early 2026. The programme, designed to allocate approximately €3.5 billion over the next several years, is slated for completion around 2030.
Execution Details
- Repurchase Platforms: Shares were repurchased on both Euronext Milan and the New York Stock Exchange.
- Timing: Transactions were executed on a daily basis from late June 2026.
- Volume: During the period ending 26 June 2026, Ferrari bought back roughly 41 000 shares, representing a significant portion of the total programme.
Financial Impact
| Exchange | Shares Purchased | Cumulative Consideration (in €) | Total Shares Acquired (since 5 January 2026) | Cumulative Spend (in €) |
|---|---|---|---|---|
| Milan | 41 000 | 137 million | >1.5 million | >400 million |
| New York | 41 000 | ~30 million | – | – |
The cumulative consideration on the Milan exchange has surpassed €137 million, while the New York transactions have reached nearly €30 million in euro terms. Altogether, the company has acquired more than one and a half million shares since the programme’s inception, with overall spend exceeding €400 million.
Treasury and Shareholder Value
- Treasury Holdings: The repurchased shares now constitute close to nine percent of Ferrari’s issued common share capital.
- Liquidity Management: The buy‑back programme is administered through a combination of buy‑back and sell‑to‑cover transactions, allowing Ferrari to preserve liquidity while delivering returns to shareholders.
Transparency and Monitoring
Ferrari N.V. has made detailed transaction data available on its corporate website, providing investors with full visibility into the buy‑back activities. Management continues to monitor market conditions closely as the company progresses toward its long‑term buy‑back objectives.
The programme underscores Ferrari’s commitment to enhancing shareholder value while maintaining financial flexibility, reflecting a broader trend of strategic capital allocation within the automotive and luxury goods sectors.
