Ferrari’s trading profit of EUR183m for the year to 31 December, 2006 was up a significant 16.4% over the previous year.
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A statement from the board said this was due principally to the rise in sales revenues and to efficiency gains which were partially offset by increased investment in research and development.
Ferrari’s three main areas of business – road cars, competition cars and brand development – posted a 12.2% increase in revenues from EUR1,289m in 2005 to EUR1,447m in 2006 due in part to strong sales of the F430 and the 612 Scaglietti as well as the success of the new 599 GTB Fiorano which was launched last summer.
Deliveries of road cars rose 4.8% to 5,671 units. 121 Ferraris – almost double the 2005 total – were delivered in China where there is now a 12-strong dealership network spread across the country.
EUR232m was assigned for investments and research and development (excluding Formula 1), a 6% increase on 2005 and the equivalent of 16% of the company’s turnover.
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By GlobalData
