Ferrari unveils record results in first half

MANILA, Philippines - Ferrari S.p.A, under the chairmanship of Luca di Montezemolo, recently announced the company’s financial results for the first half of 2012. As of June 30th, Ferrari once again registered a record in revenues and in the numbers of cars delivered. Revenues reached 1,208 million euros (+11.9 per cent), while a total of 3,664 homologated roadcars were delivered to dealerships, an increase of 7.4 per cent.

Trading profits rose 13 percent to 152.2 million euros, while net profits hit 100.8 million, an increase of 10 percent.

The company’s industrial net cash position as of June 30 reached a new record figure of 895 million euros with extremely high investments in product development. The net cash flow for H1 was 203 million euros before dividends.

These results are the fruit of the continuing success of Ferrari’s 8-cylinder models, particularly the new Ferrari California 30 – where ‘30’ represents the 30 extra horse power and 30 kg lower weight – and the 458 Spider, the engine of which received the Best Performance Engine of the Year award for the second year running. In the 12-cylinder range, FF sales are strong while the new F12 Berlinetta has yet to make any impact on results as deliveries do not begin until autumn. That said, the new model has been the subject of public and critical acclaim, taking a number of awards, such as the Auto Bild Design Award.

The personalisation programs, which cover 100 percent of alls cars produced, continue to enjoy huge success. The exclusive new Tailor Made programme has also captured the imagination of clients, a selected number of whom have already created their own truly unique Ferraris interms of materials and trim.

Sales in the USA remain buoyant, with an increase of 17 per cent to 851 cars, and continues to be Ferrari’s largest market, accounting for 23 percent of worldwide sales.