Record results for Ferrari in 1H of 2012

THE board of directors of Ferrari SpA met under the chairmanship of Luca di Montezemolo to examine the company’s financial results for the first six months of 2012.
As of June 30, Ferrari once again registered a record in revenues and in the numbers of cars delivered. Revenues reached 1,208 million euro (+11.9 percent), while a total of 3,664 homologated road cars were delivered to dealerships, an increase of 7.4 percent.
Trading profits rose 13 percent to 152.2 million euro, while net profits hit 100.8 million, an increase of 10 percent.
The company›s industrial net cash position as of June 30 reached a new record figure of 895 million euro with extremely high investments in product development. The net cash flow for H1 was 203 million euro before dividends.
These results are the fruit of the continuing success of Ferrari’s 8-cylinder models, particularly the new Ferrari California 30 — where 30 represents the 30 extra horse power and 30 kg lower weight — and the 458 Spider, the engine of which received the Best Performance Engine of the Year award for the second year running. In the 12-cylinder range, FF sales are strong while the new F12berlinetta has yet to make any impact on results, as deliveries do not begin until the autumn. The new model has been the subject of public and critical acclaim taking a number of awards, such as the Auto Bild Design Award.
The personalization programs, which cover 100 percent of all cars produced, continue to enjoy huge success. The exclusive new tailor made program has also captured the imagination of clients, a selected number of whom have been able to create their own truly unique Ferraris in terms of materials and trim.
“The sales results worldwide, achieved against a still highly challenging international economic backdrop, are first and foremost a reward for our constant and significant investment into technological innovation. The completely new range we are now in a position to offer clients across the globe means we can look forward to ending 2012 having improved still further on last year›s financial performance,” the chairman said.