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Ferrari share repurchases: a long-term strategy
Ferrari recently announced the purchase of 18,671 common shares on the New York Stock Exchange (NYSE), carried out between 13 and 20 October. These transactions were carried out at an average price of 433.7866 euros per share, for a total value of 58,668.37 euros. This purchase is part of a share repurchase program, part of a larger 2 billion euro strategy to be completed by 2026
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Significant investments and equity performance
During this fifth tranche, until October 20, Ferrari invested a total of 199,999,033.02 euros, buying 484,498 ordinary shares on the EXM. In parallel, 116,344 common shares worth 53,551,897.74 USD were purchased on the NYSE. As of October 20, Ferrari owned a total of 14,765,168 own shares, representing 5.75% of the company’s share capital.
From July 1, 2022 to October 20, the company repurchased 3,942,404 common shares on the EXM and NYSE markets, for an equivalent value of 1,171,406,136.74 euros.
Bosch’s employment challenges in the automotive sector
In a different economic context, Bosch, a world leader in the supply of automotive components, has declared its intention to reduce 5,550 jobs globally, mainly in Germany. This decision was made due to challenges in the new car market, where global vehicle production is expected to stagnate or decline slightly. Declining demand, the transition to electric vehicles and growing Chinese competition are negatively affecting the sector
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Future prospects and impacts on the market
According to an outlook on the European insurance sector for 2025 signed by S&P Global Ratings, the economic situation in the Eurozone is worrying. In November, production activity registered a significant decline, with the manufacturing PMI index falling to 45.2 points. Companies are facing difficulties in acquiring new orders, leading to a marginal reduction in headcount. This complex scenario requires companies to adapt quickly to remain competitive.
