Ferrari Completes €250m Buyback Tranche, Plans Second €250m Program April–August 2026
Ferrari completed the first tranche of its €3.5bn buyback, spending €250m to repurchase 680,168 shares on Euronext Milan and 169,886 on NYSE, holding 9.02% of common shares in treasury. A second €250m tranche, with €200m on Euronext Milan and €50m on NYSE, runs April 13–August 28 2026.
1. First Tranche Completion
Ferrari completed the initial €250m tranche of its multi-year €3.5bn share buyback, acquiring 680,168 common shares on Euronext Milan for €199.999m and 169,886 on the NYSE for $57.885m (€49.999m), totalling €249.999m in consideration.
2. Second Tranche Plan
The company will launch a second €250m tranche from April 13 to August 28, 2026, allocating €200m via a non-discretionary mandate on Euronext Milan and €50m through a discretionary NYSE mandate, funded from available cash and eligible under its equity incentive plan.
3. Treasury Holdings and Program Overview
As of April 9, Ferrari holds 17,494,660 common shares in treasury, equal to 9.02% of issued common shares (9.40% including special voting shares). Since the program start on January 5, 2026, the company has repurchased 850,054 shares for €249.999m, while the overall program targets €3.5bn by 2030.