Ferrari Completes First €250M Share Buyback Tranche, Launches Second
Event summary
- Ferrari completed its first €250M share buyback tranche, purchasing 850,054 shares for €250M since January 2026.
- The company now holds 9.02% of its common shares in treasury (9.40% including special voting shares).
- A second tranche of up to €250M will start April 13, 2026, split between EXM (€200M) and NYSE (€50M).
- The buyback program is part of a multi-year €3.5B initiative targeting completion by 2030.
The big picture
Ferrari’s €3.5B share buyback program reflects a strategic focus on enhancing shareholder value amid strong cash positioning. The multi-tranche approach allows flexibility while maintaining compliance with regulatory frameworks. This move aligns with broader trends in luxury automotive where capital discipline is increasingly prioritized alongside brand exclusivity.
What we're watching
- Capital Allocation Strategy
- Whether Ferrari’s aggressive buyback program signals confidence in undervaluation or limits flexibility for other growth initiatives.
- Market Impact
- How the second tranche’s execution will affect share price dynamics on EXM and NYSE.
- Regulatory Compliance
- The pace at which Ferrari adheres to Market Abuse Regulation rules during closed periods.
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