Ferrari N.V. (NYSE: RACE ) is far more than an automaker. It has elevated itself to a luxury brand known for scarcity-driven pricing power, cutting-edge innovation, and a loyal ultra-wealthy clientele. Its strategic positioning mirrors that of high-end fashion houses like Hermes ("AWS Certified AI Practitioner Early Adopter"I am a DevOps Engineer for a major, wholly owned subsidiary of a large-cap Fortune 500. I am a true subject-matter expert on the actual buildout, deployment, and maintenance of AI tools ...

Maranello (Italy), March 17, 2025 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that on March 13, 2025, in the Ferrari Group employees’ granting share process, the Company assigned No. 113,466 common shares held in treasury. On the same day Ferrari purchased at the average price of Euro 414.0109 per share, in a “cross order” transaction executed on the EXM, No. 47,907 common shares sold by the assignees in order to cover their individual's taxable income as standard practice (Sell to ...

Group 1 - Ferrari is experiencing a rise in popularity among younger buyers, with 40% of new clients now under the age of 40, up from 30% just over 18 months ago [1][2] - The company maintains a strategy of exclusivity, with nearly 75% of all Ferraris sold to existing customers as of last year [2] - Ferrari's CEO emphasized that the more-than-two-year wait time for new cars is part of a "very pleasant" customer experience, despite prospective buyers urging for faster production [2]

Ferrari logo is seen outside the Ferrari headquarters in Maranello during Lewis Hamilton's first official days as a Scuderia Ferrari F1 driver at Fiorano Circuit on January 21, 2025 in Fiorano Modenese, Italy.The chief executive of Ferrari on Thursday said the company was prepared for potential U.S. tariffs on European automakers."We are ready with some countermeasures," Ferrari CEO Benedetto Vigna told CNBC's Robert Frank at CONVERGE LIVE in Singapore on Thursday."We are watching what's going to happen in ...

Maranello (Italy), March 7, 2025 – Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") informs that, following the accelerated bookbuild offering made by Exor N.V. on February 26, 2025, the Company participated in the offering by purchasing No. 666,666 common shares for a total consideration of 299,999,700 Euro (the "Transaction"). The Transaction constituted the seventh tranche (the "Seventh Tranche") of the multi-year share buyback program of approximately Euro 2.0 billion announced during our 202 ...

Maranello (Italy), March 5, 2025 - Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari") announced today that it has published the agenda and the explanatory notes for the 2025 Annual General Meeting of Shareholders ("AGM"), which will be held on April 16, 2025 in Amsterdam, beginning at 9:00 a.m. CEST. Ferrari's AGM notice and explanatory notes, AGM materials and other instructions are available under the section Governance on Ferrari's corporate website at https://www.ferrari.com/en-EN/corporate, where they can be v ...

Core Viewpoint - Ferrari N.V. has announced a share repurchase of 666,666 common shares for a total of Euro 300 million as part of its ongoing share buyback program [1][2]. Group 1: Share Buyback Program - The recent transaction is the seventh tranche of a multi-year share buyback program totaling approximately Euro 2.0 billion, which was initially announced during the 2022 Capital Markets Day [2]. - The buyback falls within the limits set by the share buyback mandate approved at the April 17, 2024 Annual General Meeting, allowing the purchase of up to 10% of the Company's common shares over an eighteen-month period [2]. Group 2: Financial Details - The transaction will be financed using Ferrari's cash on hand and is expected to settle on March 3, 2025 [1][3]. - The Company will continue to execute the buyback program in line with its Industrial Free Cash Flow generation [3]. Group 3: Regulatory Information - A registration statement on Form F-3 related to the offering of Ferrari's common shares by Exor has been filed with the U.S. Securities and Exchange Commission on February 26, 2025 [4].

Core Points - Ferrari N.V. has announced a share repurchase of 666,666 common shares for a total of Euro 300 million, financed by its cash reserves [1][2][3] - This transaction is the seventh tranche of a multi-year share buyback program totaling approximately Euro 2.0 billion, which was initially announced during the 2022 Capital Markets Day [2] - The buyback program is authorized to purchase up to 10% of the Company's common shares within an eighteen-month period following the April 17, 2024 Annual General Meeting of Shareholders [2] - The transaction is expected to settle on March 3, 2025, and the Company will continue to execute the buyback program in line with its Industrial Free Cash Flow generation [3] Additional Information - A registration statement related to the offering of Ferrari's common shares by Exor has been filed with the U.S. Securities and Exchange Commission on February 26, 2025 [4]

Ferrari, following the accelerated bookbuild offering announced by Exor on February 26, 2025, intends to repurchase up to 10% of Exor's total offering up to a maximum of Euro 300 millionThis share repurchase is to be considered as a part of Ferrari's multi-year Euro 2.0 billion share buyback program as announced during our 2022 CMD. It will constitute the seventh tranche and it will be financed by Ferrari's cash on handOn February 20, 2025, Ferrari completed the sixth tranche announced on December 5, 2024 ...

Core Viewpoint - Ferrari N.V. intends to repurchase up to 10% of Exor's total offering for a maximum of Euro 300 million following Exor's accelerated bookbuild offering, marking the seventh tranche of its multi-year Euro 2.0 billion share buyback program [1][9]. Group 1: Share Buyback Program - The current transaction is part of a multi-year share buyback program of approximately Euro 2.0 billion announced during the 2022 Capital Markets Day [2][9]. - This repurchase will be financed by Ferrari's cash on hand and will not impact its strategic plan or financing capabilities [3][9]. - The sixth tranche of the program, announced on December 5, 2024, has been completed, with a total consideration of Euro 150 million [4][5]. Group 2: Transaction Details - As of February 25, 2025, Ferrari held 15,119,211 common shares in treasury, representing 5.88% of the total issued share capital [5][6]. - From the start of the buyback program until February 25, 2025, Ferrari has purchased a total of 4,296,447 common shares for a total consideration of Euro 1,322,735,977.17 [6]. - The details of the repurchase transactions under the sixth tranche will be disclosed as required by applicable regulations [3]. Group 3: Regulatory Information - A registration statement on Form F-3 relating to the offering of Ferrari's common shares by Exor has been filed with the U.S. Securities and Exchange Commission [7]. - The prospectus for the offering can be accessed for free through the SEC's website [7].