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Ferrari reports today that it has delivered
a total of 3,226 cars during the first half
of the year, just 8 percent down
year-on-year, and in the same period it has
achieved revenues of 891 millions euros and
a trading profit of 124 million euros. |
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The Ferrari
Board of Directors chaired
by Luca di Montezemolo
examined today the company’s
2009 first half financial
results. In the first
six months of this year,
Ferrari delivered a total of
3,226 cars to end clients
(-8% compared with the same
period of 2008). A positive
result, given the
particularly negative
conditions currently on the
world markets and compared
with the first half of 2008,
which was the most
financially successful year
in the Prancing Horse’s
entire history.
It should be
underlined that despite the
lower number of cars
delivered, Ferrari’s market
share actually increased by
over 10 points to 32.8%, a
figure that further
underscores Ferrari’s
positive performance in the
first half of 2009.
Revenues of
891 million were recorded,
8% down on the same period
last year, along with
trading profit of 124
million euro, compared to
the 164 million of the first
half of 2008 which, as
mentioned, was an
exceptional result. This
year’s figures were
influenced by the lower
volumes, the product mix and
exchange rate fluctuations,
which were partly
compensated for by cost
efficiencies both in
production and Formula 1,
and by improved results from
brand activities.
In fact, all
of the activities relating
to the Ferrari brand
(licensing and retail) are
showing significant growth,
with revenues up by 22.7%
overall on the first six
months of 2008. There are
already 29 Ferrari Stores
worldwide, and more openings
are foreseen in 2010. The
new Ferrari website has also
proved very successful,
doubling the numbers of hits
and pages visited as well as
online sales. In the first
three months since the
launch of the new website,
more than 20 million pages
have been visited with
almost 10 million unique
visitors. First half
results from the financial
services division were
excellent too: the trading
profit was of 2.5 million
euro as against a loss of
0.4 million in 2008.
Ferrari
continues to invest in
environment and safety. The
new trigeneration system
(the simultaneous production
of mechanical power, heat
and cooling from a single
source) which involved an
investment of 20 million
euro, is now up and running.
Together with the
photovoltaic plant, it has
enabled Ferrari to become
almost completely autonomous
for its energy requirements.
Moreover, the small amount
of energy purchased from
outside suppliers comes
entirely from renewable
sources. This has led to a
decrease of around 25-30% in
Co2 emissions from
Maranello’s plant and
machinery.
Lastly,
Chairman Luca di Montezemolo
stated his satisfaction with
the results achieved by the
development of the new
Ferrari 458 Italia, the most
innovative Ferrari ever,
featuring unique
technological solutions. The
car has already received an
enthusiastic reception from
the international sales
network currently in
Maranello, where tomorrow
evening the new Ferrari
8-cylinder will be the
protagonist of an exclusive
World Premiere, an event
dedicated to a select number
of clients and collectors
from all over the world in
the run-up to its official
launch at the Frankfurt
Motor Show.
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