These results for ordinary operations in 2002 bettered those of the previous year. Maserati’s relaunch, together with successful sporting activities, meant that 2002 was another year of growth and success. 

In this last financial year, the Trident brand has faced a number of difficult challenges, among them, Maserati’s re-entry into the US market, after an absence of some ten years. Maserati’s goal is to make this market number one in terms of sales and assistance. With 3,300 cars taken delivery of in 2002, 26% by buyers in the US, Maserati reached an important threshold in establishing itself as one of the major manufacturers of GT cars. 

In 2002, strong signs of confidence in the future of the Maserati brand could be seen in substantial investments in buildings, technology and training. Plants have been totally restructured; production lines have been re-engineered; a new headquarters and a new show room have been built. The success of these enterprising moves have led Maserati to being named the number one company to work for by Sole 24 Ore. 

Total sales for the Group amounted to 1.208 million Euros (the following economic an financial figures are related to the consolidated Ferrari Maserati group balance sheet), an increase of 14% over 2001. 

The consolidated operating results were 70.5 million Euros, a rise of 13.7% compared to the results ofthe previous fiscal year (62 million Euros.) These figures confirm the growth in the results of the current business. As a result of an increase in extraordinary other expenses of 26.6 million Euros, profit before taxes were 41.7 million Euros, compared to 72.3 million in 2001. The net profit was 21.6 million euros, compared to the 47 million in 2001. 

These extraordinary other expenses were due to tax amnesties and additional remuneration paid to President and Managing Director Luca di Montezemolo (18.2 million Euros)and General Manager of the Racing Division (Gestione Sportiva) Jean Todt (3 million Euros), in recognition of their contributions to the increased prestige and value of the company. 

The year-end financial position was 50.2 million euros, compared to 172 million euros in 2001. In June 2002, Ferrari S.p.A.paid a dividend to shareholders of 120 million Euros, or 10.000 Euros per share. 

The self-financing of 126 million Euros, 9.8 million Euros less than in 2001, permitted the complete funding of programs in product development, customer services, and improved productivity. 

The funds marked for investments , both material and non-material, and for research and development amounted to 283.4 million Euros for the year, and increase of 25.6% compared to 225.3 million Euros for the previous year. These funds, representing about 23% of the revenues (21%in 2001), demonstrate Group’s continuing commitment to innovation through development plans and a constant growth in competitiveness.