Record results for Ferrari over first nine months of 2012

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As of September 30th, Ferrari has recorded unprecedented revenues of 1,764m euro (+10%) andnumbers of cars delivered to the dealership network 5,267 (+6%).

Trading profits increased by 9.6% to 232.8m euro, while net profits grew 7.6% to 152.4m.

The company’s industrial net cash position reached almost 1bn euro – an all-time record figure of 959m euro – despite continuing commitment to maintaining an extremely high level of investment in product development. Ferrari also chalked up a net cash flow of 251m euro in the first nine months of the year.

The product mix was excellent with 12-cylinder model sales up 22% thanks to the success of the FF and the 8-cylinder models, particularly the Ferrari California 30 and the 458 Spider. The racing GT2 and GT3 versions of the 458 Italia took the titles in their respective categories last weekend in the GT Open Championship after having already won the FIA World Endurance Championship beating competition from the world’s leading manufacturers.  

The USA confirmed its position as Ferrari’s largest market internationally with 26% of total sales after delivery of 1,354 cars with a growth of 16%.

The UK market saw record sales of 504 cars; a leap of 37%, while Germany saw continued growth (+9%) with 534 cars delivered, consolidating its position as the largest European market.

In the Far East, the positive trend in Greater China continued (+7%) with 566 cars delivered, while Japan saw deliveries of 214 cars, an increase of 20%. Results from the Middle East were in line with the excellent figures obtained in 2011, with 274 cars delivered.

Sales in Italy, as in the previous two quarters, were down with 238 cars delivered in the first nine months of 2012 (-49%).

‘These results confirm Ferrari’s excellent performance in practically all of the 60 nations in which it is present despite the continuing economic climate. Once again the exception is Italy where we have witnessed a drop partly due to the economic crisis, but also to a hostile environment for luxury goods which have long been, and continue to be, an important resource for the country,’ said Luca di Montezemolo, Ferrari chairman.

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