Ferrari logs 10% hike in net sales to EUR100.8 mil in first half 2012

Article by Anita Panait, on September 15, 2012

Ferrari posted a 10-percent increase in net profits in the first half of 2012 to EUR100.8 million and a 13-percent jump in trading profits to EUR152.2 million. The Italian carmaker also logged an 11.9-percent increase in revenues for the first six months of the current year to EUR1.208 billion. For the review period, Ferrari recorded a 7.4-percent hike in deliveries of homologated road cars to dealerships to 3,664 units.

As of June 30, 2012, Ferrari’s industrial net cash position achieved a new record figure of EUR895 million, with extremely high investments in product development. The carmaker’s net cash flow for the first half of 2012 was EUR203 million before dividends. The Board of Directors of Ferrari S.p.A., chaired by Luca di Montezemolo, examined the results on September 13, 2012.

Ferrari’s strong performance in the first six months of 2012 is attributed to the continuing success of the carmaker’s 8-cylinder models, particularly the new Ferrari California 30 -- where ‘30’ represents the 30 extra horse power and 30 kg lower weight. Ferrari’s first half feat is also credited to the success of its 458 Spider, which is powered by an engine that grabbed the Best Performance Engine of the Year award for the second straight year.

Ferrari’s sales were also strong in the 12-cylinder range, particularly its FF models. Ferrari has yet to include the F12berlinetta in its first half results as deliveries will commence only in the autumn. Despite still being unavailable to the public, the F12berlinetta has received critical acclaim, including awards like the Auto Bild Design Award.

Ferrari’s personalisation programmes, which now cover all of its vehicles, is still well-liked by many customers. A number of customers have also availed of the carmaker’s exclusive new Tailor Made programme, as it allows them to create their own distinct Ferraris in terms of materials and trim.

Topics: ferrari, sales

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