AM Online

Ferrari reports sales growth in UK

Italian supercar brand Ferrari has seen its sales in the UK rise by 21% this year.

Deliveries within Great Britain in the first nine months of the year totalled 384 cars.

Ferrari's board of directors, chaired by Luca di Montezemolo, met yesterday to examine the company’s financial results for the first nine months of the year, and reported that all economic indicators point to the continuation of the positive trend of the early months of 2011, indicating that this will be "a truly extraordinary year" in Ferrari history despite of the uncertainty of the world economy.

Nine month revenues reached a record 1.6 billion euro, up 18.9%, while a total of 5,165 (+12.3%) cars were delivered to its global network.

It recorded trading profit of 212 million euro (+ 10.9%) in the period.

The board also noted Sergio Pininfarina’s decision to step down from it for personal reasons and co-opted Richard Keith Palmer, chief financial officer of Fiat and Chrysler, to take his place.

Growth markets:

  • USA and Canada +14.5% with 1,436 cars delivered.
  • China, Taiwan and Hong Kong 542 cars delivered, making this market Ferrari’s second largest worldwide.
  • Middle East +23%
  • Australia +17%.
  • Germany +15.1% to 503 cars
  • Great Britain +21% with 384 cars delivered.

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Comment as guest

Login  /  Register


No comments have been made yet.