Ferrari: outstanding first quarter results
Ferrari’s results in the first few months of this year were exceptionally good. Q1 showed a massive turnover of 556.1 million euro, that is +13.2% compared to last year. Net profit came down to 42.1 million euro (+17.2%) with all records broken according to the Italians. By the end of March the company sold 1,733 cars in total, up 11.5%. There are good reasons for Ferrari to report ‘countercyclical’ results, compared to the situation in their own country and elsewhere in Europe. First of all, the large FF is a hit amongst those who can afford one and the improved 2012 California is a continuous success. Add the Ferrari 458 Italia and Spider series to that (and on the wish list of many) and what you get is one hell of a line-up.
Not to mention the arrival of the all new F12berlinetta later this year. And what to think of the still in development Ferrari Enzo successor, the ultimate car in Ferrar’s line-up? Surely when it comes to road cars, the future looks bright for the Maranello outfit. The US still has the largest market share with an increase of 16% and noteworthy was the growth in the UK: a magnificent +31% (177 cars). No wonder they are up for a UK celebration later this month. Germany reported a growth of 24% (65 cars) whilst Italy sold almost twice as much (122), but that is down 35%. In China, Hongkong and Taiwan, Ferrari sold 154 cars combined and in the Middle East yet another growth was reported: +23%, a total of 81 cars.