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Ferrari’s share repurchase program
Ferrari recently announced the purchase of 30,503 ordinary shares on Euronext Milan (EXM) between the 13th and the, at an average price of 411.7620 euros per share. This investment, with a total value of 12,559,977.30 euros, is part of a share repurchase program that involves a total investment of 150 million euros for this sixth tranche. The transaction is part of a larger plan that aims to buy back shares worth about 2 billion euros, due to expire in 2026
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Investment details and repurchased shares
Since the launch of the sixth tranche, Ferrari has already invested 68,269,266.60 euros for the purchase of 163,363 ordinary shares on EXM and 10,969,297.64 USD for 25,020 ordinary shares on NYSE. At the time, the company held 14,956,791 treasury shares, representing 5.82% of the share capital. This share repurchase is a clear sign of the company’s confidence in its value and its long-term strategy
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Implications for Ferrari’s future
Ferrari’s repurchase of treasury shares is not only a financial move, but also a strategy to strengthen investor confidence. With a total of 4,134,027 shares repurchased on EXM and NYSE, for a total value of 1,251,475,353.04 euros, the company demonstrates a constant commitment to supporting its capital and improving shareholder value. This approach could lead to an increase in the stock price and greater financial stability in the long term.
Innovations and research in the food sector
In a different context, research conducted by Enea as part of the Metrofood-It project, funded by the PNRR, has developed a non-destructive molecular analysis technique to guarantee the origin and quality of Italian rice. This innovation, which uses light spectra to identify chemical variations, offers new opportunities for both producers and consumers, highlighting the importance of quality in the Italian food sector
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