FERRARI N.V.

(RACE)
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Delayed Nyse  -  05/20 04:00:02 pm EDT
189.48 USD   +0.55%
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Ferrari N.V.: periodic report on the buyback program

01/19/2022 | 10:07am EDT

Maranello (Italy) - 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:

Since the announcement of the Fifth Tranche of the buyback program dated October 4, 2021 till January 14, 2022, the total invested consideration has been:

Euro 80,581,777.10 for No. 375,641 common shares purchased on the MTA

USD 5,457,277.38 (Euro 4,827,879.29*) for No. 21,214 common shares purchased on the NYSE.

As of January 14, 2022, the Company held in treasury No. 10,169,758 common shares equal to 3.95% 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 January 14, 2022, the Company has purchased a total of 4,984,432 own common shares on MTA and NYSE for a total consideration of Euro 738,831,358.63.

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).

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2022 4 789 M 5 052 M 5 052 M
Net income 2022 889 M 938 M 938 M
Net Debt 2022 1 112 M 1 173 M 1 173 M
P/E ratio 2022 36,8x
Yield 2022 0,77%
Capitalization 32 843 M 34 648 M 34 648 M
EV / Sales 2022 7,09x
EV / Sales 2023 6,30x
Nbr of Employees 4 632
Free-Float 48,4%
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Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 179,61 €
Average target price 228,63 €
Spread / Average Target 27,3%
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Managers and Directors
Benedetto Vigna Chief Executive Officer & Executive Director
Antonio Picca Piccon Chief Financial Officer
John Jacob Philip Elkann Executive Chairman
Davide Abate Chief Technology & Infrastructures Officer
Ernesto Lasalandra Chief Research & Development Officer
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