Ferrari completed a tranche of its multi‑year share‑buyback program, purchasing 737,600 shares between March 23 and March 27, 2026, for €217.2 million. The announcement was made on March 30, 2026.
The tranche brings the total number of shares repurchased to 17,382,206, representing 8.96 % of the company’s issued common shares and 9.36 % when special voting shares are included. The €3.5 billion program, disclosed at Ferrari’s 2025 Capital Markets Day, is scheduled to run through 2030.
Ferrari’s strong free‑cash‑flow generation underpins the buyback. Industrial free cash flow surged 50 % to €1.538 billion in 2025, and the company’s 12‑month EPS rose to $10.14, a 10.75 % increase year‑over‑year. The reduction in share count is expected to lift earnings per share and reinforce shareholder value.
The buyback aligns with Ferrari’s “value over volume” strategy, which prioritizes exclusivity, premium pricing, and new model launches. The company’s order book extends to the end of 2027, and its electrification roadmap, including the first fully electric sports car unveiled in February 2026, supports continued cash generation.
By executing the buyback, Ferrari signals confidence in its long‑term financial health and its ability to sustain dividend and buyback policies, while maintaining the brand’s premium positioning and operational efficiency.
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