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FERRARI N.V.

(RACE)
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FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM

11/22/2021 | 02:23pm EST

Maranello (Italy), November 22, 2021 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the fifth tranche of the common share buyback program announced on October 4, 2021 (“Fifth Tranche”), additional common shares - reported in aggregate form, on a daily basis - on the Italian Stock Exchange (MTA) as follows:

 

Trading
Date
(dd/mm/yyyy)

 
 

Stock Exchange

 
 

Number of common shares purchased

 
 

Average price per share
excluding fees
(€)

 
 

Consideration excluding fees

 

(€)

 
15/11/2021MTA5,013227.00731,137,987.80
16/11/2021MTA3,728227.1508846,818.30
17/11/2021MTA1,275229.5501292,676.40
18/11/2021MTA2,565232.9830597,601.40
19/11/2021MTA1,479235.8781348,863.70
 

Total

 
 

-
14,060229.29933,223,947.60

Since the announcement of the Fifth Tranche of the buyback program dated October 4, 2021 till November 19, 2021, the total invested consideration has been:

  • Euro 32,222,474.60 for No. 162,626 common shares purchased on the MTA.

As of November 19, 2021, the Company held in treasury No. 9,935,529 common shares equal to 3.86% of the total issued share capital including the common shares and the special voting shares, net of shares assigned under the Company’s equity incentive plan.

Since January 1, 2019 until November 19, 2021, the Company has purchased a total of 4,750,203 own common shares on MTA and NYSE for a total consideration of Euro 685,644,176.84.

A comprehensive overview of the transactions carried out under the buyback program, as well as the details of the above transactions, are available on Ferrari’s corporate website under the Buyback Programs section (http://corporate.ferrari.com/en/investors/stock-and-shareholder-corner/buyback-programs).

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ę GlobeNewswire 2021
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Financials
Sales 2021 4 279 M 4 838 M 4 838 M
Net income 2021 816 M 922 M 922 M
Net Debt 2021 1 329 M 1 502 M 1 502 M
P/E ratio 2021 45,2x
Yield 2021 0,55%
Capitalization 36 843 M 41 639 M 41 650 M
EV / Sales 2021 8,92x
EV / Sales 2022 8,13x
Nbr of Employees 4 562
Free-Float 48,4%
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Technical analysis trends FERRARI N.V.
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TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 10
Last Close Price 200,55 €
Average target price 220,33 €
Spread / Average Target 9,87%
EPS Revisions
Managers and Directors
Benedetto Vigna Chief Executive Officer
Antonio Picca Piccon Chief Financial Officer
John Jacob Philip Elkann Executive Chairman
Eduardo H. Cue Independent Non-Executive Director
Sergio Duca Senior Independent Non-Executive Director
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