Ferrari reports record sales, revenues and profits in the first nine months image

Ferrari has announced unprecedented revenues of €1.76 billion (+10 percent) and deliveries of 5,267 cars (+6 percent) in the first nine months of this year.

The sports car specialist also reported increased trading profits of €232.8 million (+9,6 percent) and net profits of €152.4 million (+7.6 percent). The company now holds liquidities close to €1 billion (€959 million), also an all-time record.

The company’s net cash flow in the first nine months of the year was €251 million. Sales of 12-cylinder models increased by 22 percent, driven by the success of the all-wheel drive FF model, while 8-cylinder models, particularly the California 30 and the 458 Spider, also enjoyed strong sales.

The United States remain Ferrari’s largest market, with 26 percent of total sales. 1,354 Ferraris were delivered in the U.S. in the first nine months, 16 percent more than in the same period last year.

China was the Prancing Horse’s second-largest market, with 566 cars sold (+7 percent), while Germany was the brand’s largest European market, with 534 cars delivered (+9 percent).

Consistent sales were also reported in the UK (504 cars, +37 percent), Japan (214 cars, +20 percent) and the Middle East (274 cars). In Ferrari’s home market Italy, sales were down 49 percent to 238 cars.