Ferrari Q3 revenue up 18.9 percent to 1.6bn euro image

The Italian luxury sports carmaker Ferrari on Tuesday said that in the first nine months its revenue reached a record 1.6 billion euro, up 18.9 percent, while a total of 5,165 (+12.3%) cars were delivered to its global network.

Industrial cash flow reached a level ‘unprecedented in Ferrari history’ at 240 million euro, despite the company increasing its investment and R&D by more than five per cent to 211 million euro.

Ferrari has had “one of its best years in 2011,” global chief executive Amedeo Felisa told reporters as he launched Ferrari’s new FF model in India last week at the company’s New Delhi dealership.

The maker of FF and 458 Italia supercars has sold 5,165 cars this year, with 384 of these coming in the UK – an increase of 21 per cent on 2010.

In the United States, the biggest single market for Ferrari, the Italians had sold 1,436 vehicles; while in China, 542 models were shipped.

The automaker also noted Sergio Pininfarina’s decision to step down from it for personal reasons and co-opted Richard Keith Palmer, chief financial officer of Fiat and Chrysler, to take his place.