Ferrari Reported Record Sales in the First Half of the Year image

Ferrari reported net profit up 10% in the first half of the year, with record sales and revenues.

The automaker’s revenues reached 1, 208 million euro, an increase of 11.9%, and the total number of cars delivered was 3,664 units, up 7.4% compared with the same period last year. Trading profits increased 13% to 152.2 million euro and net profits were also up 10% to 100.8 million euro. From January to July the Ferrari’s net cash position hit a new record figure of 895 million euro due to high investments in the development of products.

The record results were mainly due to a continuous success of the automaker’s 8-cylinder models, such as the new Ferrari California 30, with 30 more horse power and 30 kg less weight, and the 458 Spider, which got the Best Performance Engine of the Year award. The 12-cylinder sales were also strong, and the F12berlinetta is expected to have a great impact when it will be delivered this autumn.

Sales in the US, which is Ferrari’s largest market, were up 17% to 851 cars, the UK sales also saw an increase of 43% to 393, Germany sales were up 18% and in Switzerland 17%. In Greater China (Taiwan, Hong Kong and China) sales increased 10% to 400 units and in the Middle East up 7% to 190 cars.