Ferrari confirms that its year-on-year profits and sales are down
By Andrew C., 30 Aug, 2010. 0 Comments
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For the third quarter of 2009, Ferrari may have grown its market share but its year-on-year profits and sales are down. Ferrari recorded revenues of 396 million euros, down from 450 million euros in the same period last year. It sold 1454 cars, down 4.3% year on year. In addition, Ferrari experienced a drop in supercar sales of around 40%. Overall revenue for the first nine months of 2009 was 1287 million euros, down from 1419 million euros in the same period in 2008. The total number of cars delivered this year was 4680 cars, down 6.9% year on year, resulting in a trading profit of 176 million euros, down from 243 million euros last year.
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