Ferrari has reported what it is calling a “record-breaking” year with double digit increases for both sales and profits.
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The Italian-based luxury sports car producer saw full year revenues jump to EUR1,668m in 2007, an increase of 15.3%, thanks in great part to strong sales of the F430 and 599 GTB Fiorano.
Trading profit of EUR266m was a 45.4% increase over last year’s figure and brought the 85% Fiat-owned company’s ROS (return on sales) up to 16% compared to 12.6% in 2006. This increase came despite the fall in the value of the dollar, a currency in which around 30% of the group’s sales are made.
“The exceptional results obtained were predominately thanks to increased sales volumes and efficiency measures which were partly offset by increased investment in research and development,” a statement said.
Ferrari said it recorded a positive net financial position of EUR299m, a significant improvement on the 2006 figure of EUR213m.
Meanwhile, a total of 6,465 road cars were delivered to buyers, an increase of 14% on 2006.
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By GlobalDataA statement from the board of directors said: “We have been receiving very positive signals from all of our markets too. In fact, we recorded unprecedented levels of growth in the emerging markets. Sales to the Asia-Pacific region rose by 47.2% on last year’s figure while the Middle East was up by 32.3%. The trend was positive too, however, in more traditional markets such as the United States (+7.7%), Great Britain (+8.2%) and Germany (+5.9%).”
