Ferrari
has just announced that 2011 ended with extremely
positive results and record deliveries that were, in
certain instances, unprecedented in the Maranello sports
car maker’s history. Ferrari Chairman Luca di
Montezemolo also confirmed, in his comments on the
results, that the V12 replacement for the 599 GTB
Fiorano will make its debut at the Geneva Motor Show.
Revenues exceeded the 2
billion euro threshold for the first time, reaching
2.251 billion euro (+17.3 per cent). A record 7,195 cars
were delivered to the dealership network, an increase of
9.5 per cent on the previous year’s figure.
The personalisation catalogue made an extremely
significant contribution with 100 per cent of all cars
featuring bespoke options. In 2011 the range was further
extended with the exclusive new Tailor-Made programme.
At 14.1 per cent, Ferrari’s ROS (Return on Sales) was
again one of the highest in the automotive sector.
Trading profit reached 312.4 million euro (+3.2 per
cent) in 2011, while the company’s net profit increased
slightly on 2010 to 209 million euro. 2011 again saw
significant investments, including research and
development, totalling 279 million euro, a slight
increase over 2010. Ferrari also once again underscored
its ability for self-financing, recording an industrial
net cash position of 707.5 million euro.
"We can only be satisfied with these results," said
Chairman Luca di Montezemolo. "They were achieved
against an economic backdrop that remains challenging,
particularly in Europe. They are the fruit of heavy
investment and a culture of innovation that covers all
areas of the business. Our international expansion
continues and Ferrari today has a network covering 58
nations. We now have a complete range of models which
will be joined in a few days time at the Geneva Show by
a new 12-cylinder. A revolutionary new car that delivers
extreme performance and unprecedented power output."
Ferrari achieved record sales in America in 2011 with
1,958 cars delivered, up 8 per cent on 2010. A total of
777 cars (+62.6 per cent) were delivered to the Greater
China area, which became Ferrari’s second largest market
some months ago. 500 of those were sold in China alone.
The Middle East also continued to perform very well with
an increase of 22 per cent to nearly 450 cars. Certain
European markets fared well, with the UK ending 2011
with 574 cars delivered (+23 per cent) and German demand
up 14.6 per cent to 705 cars. Switzerland also posted
very good results, with strong sales of the FF,
recording growth of 3.2 per cent.
Ferrari’s various brand activities (retail, licensing
and e-commerce) continued to enjoy a positive trend.
Retail sell-out values grew by 34 per cent on the
previous year with the Ferrari Store in the Abu Dhabi
theme park scoring highest in the revenue stakes
worldwide, thanks to revenues in excess of 12.5 million
euro. The licensing division renewed major multi-year
contracts with international partners, such as Puma, as
well as signing new agreements with, amongst others, the
luxury brand Hublot (LVMH Group). Sales at the online
Ferrari Store jumped by 25 per cent, while the
Ferrari.com website recorded 350 million page visits
(+30 per cent).
The Ferrari Facebook page now has 6.2 million friends, a
leap of 65 per cent on 12 months ago, and Ferrari videos
on YouTube have been viewed more than 6 million times
(+50 per cent). Ferrari’s presence on respective Chinese
and Japanese social networks grew significantly in the
same period. The Ferrari Museum in Maranello also
registered a new record number of visitors - over
240,000 – of which 60 per cent were from abroad.