Ferrari

Ferrari Posts Record Numbers… Again

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Ferrari has yet again posted amazing numbers. As of September 30th, Ferrari record revenues of $2,250,688, a 10% increase and they delivered 5,267 cars, a 6% increase. Ferrari’s industrial net cash position reached around $1.2 billion – an all-time record – and also had a net cash flow of $320 million for the first 9 months of the year. The success of Ferrari this year is mostly thanks to the Ferrari California 30 and the Ferrari 458 Spider.

USA is still Ferrari’s largest market with 26% of all total sales. Deliveries in the USA amounted to 1,354 cars, a growth of 16%.  The UK market jumped up 37%, selling 504. Germany maintained their status as Europe’s largest market for Ferrari with 534 cars delivered. Ferrari is still seeing a positive trend in China with a 7% increase in cars delivered, amounting to 566 cars and Japan saw deliveries of 214, a 20% increase. Surprisingly enough, sales in Italy were down 49% with only 238 cars being delivered.

“These results confirm Ferrari’s excellent performance in practically all of the 60
nations in which it is present despite the continuing economic climate. Once again the
exception is Italy where we have witnessed a drop partly due to the economic crisis, but
also to a hostile environment for luxury goods which have long been, and continue to
be, an important resource for the country,” said Luca di Montezemolo who then
announced the addition of a new Ferrari board member. “I am delighted that Eddy
Cue, one of the main driving forces behind Apple’s range of revolutionary products,
has now joined our board. His huge experience in the dynamic, innovative world of the
Internet will be of great assistance to us.”  Eddie Cue is Apple’s Senior Vice President in Internet Software and services and oversees Apple’s industry-leading content stores, including the iTunes store.

[Source: Ferrari]