Ferrari Reports Strong Revenue for 2011 image

Ferrari, the Italian automaker on Friday said the company sold a record 7, 195 cars last year, up 9.5 percent from 2010. It also saw revenues jump more than 17 percent, to a record $2.95 billion. Profit increased slightly, to $210 million.

Ferrari achieved record sales in America in 2011 with 1,958 cars delivered, up 8 per cent on 2010.
A total of 777 cars (+62.6 per cent) were delivered to the Greater China Area, which became Ferrari’s second largest market some months ago. 500 of those were sold in China alone.

The Middle East also continued to perform very well with an increase of 22 per cent to nearly 450 cars.

“We can be satisfied with the results we got, notwithstanding the economic difficulties in Europe, thanks to strong investments and a wide-ranging innovation culture”, Ferrari President Luca di Montezemolo commented on the 2011 results.

An overview of Ferrari’s 2011 results:
Revenues of 2.251 billion euro (+17.3%)
7,195 cars delivered (+9.5%)
Trading profit 312.4 million euro (+3.2%)
Industrial net cash 707.5 million euro
Significant rate of growth in China, USA, Germany and Great Britain