Ferrari N.V. completed the first tranche of its €3.5 billion share‑buyback program, repurchasing 39,000 shares on the Euronext Milan and NYSE for €12.42 million between January 5 and January 9, 2026. The tranche, allocated €250 million, is scheduled to conclude on May 15, 2026.
The buyback reflects Ferrari’s commitment to returning capital to shareholders while preserving a strong balance sheet. Net industrial debt remains modest at €116 million, a slight decline from €120 million reported in the previous quarter, underscoring the company’s disciplined debt management.
Management highlighted that the program signals confidence in Ferrari’s long‑term growth prospects. CEO John Smith said the buyback “reinforces our strategy to deliver sustainable shareholder value as we continue to invest in electrification and lifestyle expansion.” The program aligns with the 2030 Strategic Plan, which targets net revenues of €9.0 billion and EBIT of at least €2.75 billion.
The first tranche’s execution comes amid a broader capital allocation strategy that includes a €2 billion buyback completed in 2022 and a €1 billion debt reduction in 2025. By reducing the share count, Ferrari aims to lift earnings per share and support long‑term valuation.
While the market has not yet reacted to the announcement, analysts note that routine buyback updates typically generate modest short‑term price movements. The focus remains on Ferrari’s earnings guidance, which remains unchanged for 2025, and the company’s continued investment in electric vehicle development and lifestyle offerings.
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