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Ferrari N.V. (NYSE/EXM: RACE) represents the pinnacle of luxury automotive engineering and motorsport excellence. This dedicated news hub provides investors and enthusiasts with direct access to the company's official communications, including financial disclosures, product innovations, and racing milestones.
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Ferrari N.V. (NYSE/EXM: RACE) has provided an update on its share buyback program. Under the €250 million fifth tranche announced on June 28, 2024, Ferrari purchased 17,800 common shares on EXM between October 21-25, 2024, at an average price of €445.9434, totaling €7,937,793.27.
Since the fifth tranche announcement, Ferrari has invested €163,653,199.63 for 398,050 shares on EXM and USD 45,452,667.64 for 97,673 shares on NYSE. As of October 25, 2024, Ferrari held 14,661,389 treasury shares, representing 5.71% of total issued share capital.
This is part of Ferrari's larger €2 billion multi-year buyback program announced during the 2022 Capital Markets Day, under which the company has purchased 3,837,285 shares for €1,127,401,634.97 since July 1, 2022.
Ferrari (NYSE/EXM: RACE) has announced a multi-year renewal of its partnership with Shell, effective January 1, 2026. The renewed agreement will cover three key areas: Scuderia Ferrari HP, Ferrari Hypercar, and the Ferrari Challenge Series. This extension continues the long-standing collaboration between the two global brands.
Ferrari N.V. (NYSE/EXM: RACE) has reported on its ongoing share buyback program, which is part of a larger Euro 2 billion multi-year initiative announced during the 2022 Capital Markets Day. The current phase, known as the Fifth Tranche, involves a Euro 250 million share buyback announced on June 28, 2024.
From October 14 to October 18, 2024, Ferrari purchased 17,600 common shares on the Euronext Milan (EXM) at an average price of €437.7275 per share, totaling €7,704,003.72. Since the Fifth Tranche began, Ferrari has invested €155,715,406.35 for 380,250 shares on EXM and $45,452,667.64 for 97,673 shares on NYSE.
As of October 18, 2024, Ferrari held 14,643,589 treasury shares, representing 5.70% of its total issued share capital. Since July 1, 2022, the company has purchased 3,819,485 shares for a total of €1,119,463,841.70 across both EXM and NYSE.
Ferrari N.V. (NYSE/EXM: RACE) has announced that its financial results for the third quarter of 2024 will be released on Tuesday, November 5, 2024. The company will host a live audio webcast and conference call to discuss the Q3 2024 results, starting at 2:00 p.m. GMT / 3:00 p.m. CET / 9:00 a.m. EST on the same day.
Investors and interested parties can access the presentation details in the Investors section of Ferrari's corporate website prior to the event. Advanced registration is required to obtain the conference call details. For those unable to attend the live session, a replay will be available on Ferrari's corporate website for two weeks following the call.
Ferrari N.V. (NYSE/EXM: RACE) has reported on its ongoing share buyback program, which is part of a larger Euro 2 billion multi-year initiative set to run until 2026. This current phase, announced on June 28, 2024, is the fifth tranche with a value of Euro 250 million.
From October 7 to October 11, 2024, Ferrari purchased 32,654 common shares at an average price of Euro 412.1392, totaling Euro 13,457,994.09. These purchases were made on both the Euronext Milan (EXM) and New York Stock Exchange (NYSE).
Since the start of the fifth tranche, Ferrari has invested Euro 148,011,402.63 for 362,650 shares on EXM and the equivalent of Euro 141,004,362.64 for 97,673 shares on NYSE. As of October 11, 2024, Ferrari held 14,625,989 treasury shares, representing 5.69% of its total issued share capital.
Ferrari N.V. (NYSE/EXM: RACE) has announced an update on its Euro 250 million share buyback program, which is part of a larger Euro 2 billion multi-year buyback plan set to run until 2026. From September 23 to September 30, 2024, Ferrari purchased 46,419 common shares at an average price of 425.8770 euros, totaling 19,768,783.46 euros.
The company bought shares on both the Euronext Milan (EXM) and the New York Stock Exchange (NYSE). Since the announcement of this fifth tranche, Ferrari has invested 120,198,039.44 euros for 295,150 shares on EXM and 29,095,540.83 USD (26,200,615.14 euros) for 61,595 shares on NYSE.
As of September 30, 2024, Ferrari held 14,522,411 treasury shares, representing 5.65% of its total issued share capital. Since the program's inception on July 1, 2022, the company has purchased 3,698,307 shares for a total of 1,069,142,727.30 euros.
Ferrari N.V. (NYSE/EXM: RACE) has reported on its ongoing share buyback program, which is part of a larger Euro 2 billion multi-year initiative announced during the 2022 Capital Markets Day. The current phase, known as the Fifth Tranche, involves a Euro 250 million share buyback announced on June 28, 2024.
From September 16 to September 20, 2024, Ferrari purchased a total of 42,089 common shares at an average price of Euro 418.8299, for a total consideration of Euro 17,628,132.33. These purchases were made on both the Euronext Milan (EXM) and the New York Stock Exchange (NYSE).
As of September 20, 2024, Ferrari held 14,475,992 common shares in treasury, representing 5.63% of the total issued share capital. Since the start of the multi-year buyback program on July 1, 2022, the company has purchased a total of 3,651,888 common shares for a total consideration of Euro 1,049,375,202.35.
Ferrari N.V. (NYSE/EXM: RACE) has reported on its ongoing share buyback program, which is part of a larger Euro 2 billion multi-year initiative set to run until 2026. The current tranche, announced on June 28, 2024, has a value of Euro 250 million. From September 10 to 13, 2024, Ferrari purchased:
- 21,350 shares on EXM at an average price of €425.4026
- 12,996 shares on NYSE at an average price of $469.2569
The total investment for this period was €14,605,631.61. Since the start of the fifth tranche, Ferrari has invested €95,354,985.16 on EXM and $15,096,772.10 on NYSE. As of September 13, 2024, Ferrari held 14,433,903 treasury shares, representing 5.62% of its total issued share capital.
Ferrari N.V. (NYSE/EXM: RACE) has reported on its ongoing share buyback program. From September 2 to September 9, 2024, the company purchased a total of 41,198 common shares at an average price of €435.6410, for a total consideration of €17,947,536.96. These purchases were made on both the Euronext Milan (EXM) and New York Stock Exchange (NYSE).
This is part of the €250 million share buyback program announced on June 28, 2024, which is the fifth tranche of a larger multi-year buyback program of approximately €2 billion expected to be executed by 2026. Since the announcement of this fifth tranche, Ferrari has invested a total of €94,397,365.70 for 233,891 common shares.
As of September 9, 2024, Ferrari held 14,399,557 treasury shares, representing 5.60% of its total issued share capital. Since the start of the multi-year program in July 2022, the company has purchased 3,575,453 common shares for a total of €1,017,141,438.41.
Ferrari N.V. (NYSE/EXM: RACE) has reported on its ongoing share buyback program, which is part of a larger Euro 2 billion multi-year initiative announced during the 2022 Capital Markets Day. The current phase, known as the Fifth Tranche, involves a Euro 250 million share repurchase plan announced on June 28, 2024.
From August 23 to August 30, 2024, Ferrari bought back 33,616 common shares at an average price of €437.4443 per share, totaling €14,705,128.16. These purchases were made on both the Euronext Milan (EXM) and New York Stock Exchange (NYSE). Since the Fifth Tranche began, Ferrari has invested €73,651,128.73 for 186,150 shares on EXM and approximately €9,117,101 for 6,543 shares on NYSE.
As of August 30, 2024, Ferrari held 14,358,359 treasury shares, representing 5.59% of its total issued share capital. Since the multi-year buyback program's inception on July 1, 2022, Ferrari has repurchased 3,534,255 shares for a total of €999,193,901.46.
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