Ferrari N.V. completed the first tranche of its €3.5 billion share‑buyback program on April 6, 2026, repurchasing 788,793 shares for €232,058,803.48 on the Euronext Milan and New York Stock Exchange.
The tranche, which began on January 5, 2026, brings the cumulative treasury balance to 17,433,399 shares, representing 8.99 % of the company’s issued common shares. The program, disclosed during the 2025 Capital Markets Day, is scheduled to conclude by 2030.
Ferrari’s strong cash generation underpins the buyback. Q1 2025 revenue rose 13 % to €1,791 million, and full‑year 2025 revenue reached €7.146 billion, up 7 %. Management has guided 2026 revenue to approximately €7.5 billion and an EBITDA margin of 39 %, signaling confidence in continued profitability.
CEO Benedetto Vigna has highlighted the company’s focus on ‘quality of revenues over quantity,’ a strategy that supports the decision to return capital while maintaining a robust balance sheet.
Analysts view Ferrari’s share‑buyback activity as a positive signal of financial strength and commitment to shareholders, though no specific market reaction data is available.
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