Ferrari’s 2011 revenue soars 17.3% to EUR2.25 billion

Article by Christian Andrei, on February 21, 2012

Ferrari posted a 17.3 percent increase in revenues in 2011 to a record EUR2.25 billion, thanks to the strong demand in the United States and China. The company also posted a 3.2 percent hike in trading profit to EUR312.4 million, and slight increase in net profit increased to EUR209 million in 2011.

The company said in its latest financial results that it recorded 14.1 percent return on sales in 2011, which was one of the highest in the automotive sector. Ferrari also logged a 9.5 increase in new car sales in 2011 to a record 7,195 units.

The sports car maker sales posted an eight-percent growth in sales in the US to 1,958 vehicles. China also proved to be high-growth market, as Ferrari logged a 62.6 percent hike in sales to 777 units. Ferrari also continues to post high growth in other car markets.

The company sold 705 vehicles in Germany for 14.6 percent growth; 574 units in the United Kingdom for 23 percent; and almost 450 cars in the Middle East for 22 percent.

Luca di Montezemolo, the carmaker’s chairman, said Ferrari was able to achieve the results even against a challenging economic backdrop. "They are the fruit of heavy investment and a culture of innovation," Montezemolo said. Ferrari is set to unveil next month at the Geneva auto show a 12-cylinder supercar, which Montezemolo described as "a revolutionary new car that delivers extreme performance and unprecedented power output." Ferrari dubbed the model as F152, pegged as the successor to the 599 GTB Fiorano two-seater coupe.

Topics: ferrari, revenue

If you liked the article, share on:


Login or Create new account to add a comment!


Many have been excited with the impending arrival of the next-generation Jeep Wrangler and the new 2019 Jeep Grand Wagoneer, which is slated to be the brand’s new range-topping model....
by - October 21, 2016
Chevrolet has taken the wraps off its new Chevrolet Colorado ZH2 at the fall meeting of the Association of the United States Army (AUSA). Tagged as the most extreme fuel-cell-powered...
by - October 21, 2016
Honda has unveiled the fifth generation of its hot-selling SUV – the 2017 Honda CR-V. The latest iteration of the CR-V should help it maintain its benchmark status in the...
by - October 21, 2016
Many are already expecting BMW to launch an ultra luxurious SUV that will serve at its new flagship by late 2018. Larger than the X5 and X6, the new X7...
by - October 21, 2016
Most of you may have heard or already have one of those autonomous home appliances doing the house chores. Thus, it’s not anymore unusual to see a car going places...
by - October 20, 2016