Ferrari Chairman Luca di Montezemolo expects increased profit in 2012

Article by Christian Andrei, on June 25, 2012

Once again, Ferrari Chairman Luca di Montezemolo (recently named European Manager of the Year) said to the Profil Austrian magazine that the Italian company has no plans for an IPO. Still, Montezemolo expects a bigger profit. Back in 2011, the Prancing Horse had a net profit of mode than 600 million euros and for 2012 Ferrari is expected to sell even more cars and earn more money.

India and Easter Europe are two regions that showed impressive growth. Ferrari is currently working hard on the Enzo successor dubbed F70, company’s first hybrid supercar, set to arrive later this year. With this new model earnings are expected to increase next year.

The F12berlinetta a.k.a. 599 GTB Fiorano successor is also expected to arrive to the dealerships soon and to boost Ferrari’s sales. The Ferrari 458 Spider is also a best seller for the Italian firm. Ferrari’s first quarter profit increased by 17.2 percent to 42.1 million euros.

Topics: ferrari

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