European Crisis? No such words in Ferrari vocabulary, judging by the latest financial results, published today. The Prancing Horse is enjoying a fresh air for its sales around the world. The Italians are happy to announce that they have increased their profit and their sales in the first nine months of 2012.
From January through September, Ferrari posted a 10 percent rise in revenues to €1,764 billion and a 7.6 percent increase in net profits to €152.4 million.
These numbers ow it all to the rising sales around the Globe, estimated at 5267 units by the end of September, which means 6% more than the same period last year.
USA remains the biggest market for the Italians with 1354 cars sold in the first 9 months. China is second, with 566 units, followed by Germany with 534 vehicles. The biggest drop was recorded on Ferraris home market, Italy, where the sale were down 49% to just 238 cars delivered.
Luca di Montezemolo, Ferrari chairman, stated: ”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”.
08 Nov 2012
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