Ferrari has posted half-year net profit of EUR91.8m (US$132m) with revenue of EUR1.08bn and delivered 3,577 vehicles – up 11.8% compared to the first half of 2010.
The automaker said the good results was due to the success of the two 12-cylinder limited series – the 599 GTO and the SA Aperta – as well as the strong performance of the eight-cylinder models.
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North America remained Ferrari’s number one market with 939 vehicles delivered, an increase of 23.2% compared to 2010.
Volumes were also higher in the greater China region (mainland China, Hong Kong and Taiwan) with 378 vehicles delivered in the first six months, up 116%.
The Asian market is now the second largest worldwide, overtaking Germany where volumes remained the same as last year with 337 cars delivered. UK deliveries rose over 50% to 289 cars.
“If the trend for the first six months continues at these levels in the second half of the year, 2011 will be remembered as one of the best in Ferrari’s history, taking us back to the record results of 2008,” said chairman Luca di Montezemolo.
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By GlobalData“This is a demonstration of the soundness of the strategy we’ve adopted in terms of market expansion and product innovation. Furthermore, we also recently began deliveries of the new FF and we’re taking our first orders from India – the impact of both of these factors will only be seen in the second half of 2011.”
