Published on November 11th, 2012 | by Daniel Sherman Fernandez0
Ferrari Shows EURO152k Net Profit for 1st 9 Months of 2012
Ferrari board of directors, under the chairmanship of Luca di Montezemolo recently held a meeting on Nov. 7, 2012 to examine the carmaker’s financial results for the first nine months of 2012. As of Sept. 30, 2012, Ferrari posted a 10-percent increase in revenues to EURO1.764 billion and six-percent jump in the number of cars delivered to the dealership network to 5,267 vehicles. The company posted a 9.6-percent hike in trading profits to EURO232.8 million as well as a 7.6 percent increase in net profits to EUR152.4 million. Ferrari also has EURO959 million in industrial net cash position, despite its continuing commitment to maintain an extremely high level of investment in product development. The carmaker also logged EURO251 million in net cash flow in the first nine months of 2012.
According to a press release by Ferrari, sales of its 12-cylinder model were up 22 percent due to the success of the FF. The carmaker also commended the success of its 8-cylinder models, particularly the Ferrari California 30 and the 458 Spider.