Ferrari may be one of the most exclusive brands on the planet but you’d be hard pressed to guess it’s a niche player by looking at its financial performance alone. The guys from Maranello experienced a record year in 2007, with almost all major economic indicators showing positive gains and sales numbers up in virtually every market Ferraris are sold in.
Revenues (turnover) increased from the €1,447 million recorded in 2006 to €1,668 million in 2007, a jump of 15.3%, thanks in great part to brilliant sales of the F430 and 599 GTB Fiorano. A total of 6,465 road cars (not including track car sales) were delivered to end clients, an increase of 14% on 2006.
This ensured profits were also up, reaching a significant €266 million, a massive 45.4% increase on the previous year’s figure. The exceptional results obtained were predominately thanks to increased sales volumes and efficiency measures, and this was in a year where Ferrari also spent record levels for R&D. This major increase also comes despite the fall in the value of the U.S. dollar, a currency in which around 30% of Ferrari sales are made.
Source: http://www.motorauthority.com/cars/ferrari/ferrari-ends-2007-with-record-breaking-results/
No comments:
Post a Comment