Ferrari Purchases 629,741 Shares Worth €187.1M in Buyback Program
Ferrari purchased 629,741 shares totaling €187.13 million under its €3.5 billion multi-year buyback program through March 20, 2026. As of that date, treasury shares accounted for 8.91% of issued common shares and 9.31% of total share capital including special voting shares.
1. First Tranche Buyback Progress
The first tranche of the €3.5 billion multi-year buyback, announced December 2025, ran from January 5 through March 20, during which the company purchased 629,741 common shares on Euronext Milan and NYSE.
2. Total Investment and Consideration
The company invested €152.98 million to acquire 514,493 shares on Euronext Milan and $39.50 million (approximately €34.15 million) for 115,248 shares on NYSE, bringing the total consideration to €187.13 million.
3. Treasury Shares and Capital Impact
As of March 20, the company held 17,274,347 common shares in treasury, representing 8.91% of issued common shares and 9.31% of total share capital when including special voting shares.
4. Program Scope and Outlook
With €187.13 million spent so far, the buyback program retains roughly €3.31 billion in capacity, with additional tranches scheduled through 2030 to complete the €3.5 billion plan disclosed at the 2025 Capital Markets Day.