Steane Klose | Feb 13, 2008

Ferrari has finished 2007 on a roll, reporting record breaking results that are unprecedented in the history of the marque. The icing on the cake was the success of their Formula One team which secured both the manufacturers’ and drivers’ championship titles. But, the real success lies within the ever indreasing popularity of their road going sportscars, that for those lucky enough to afford them represent the pinnacle of automotive excellence.

Ferrari’s revenues increased from the 1,447 million Euro recorded in 2006 to 1,668 million Euro in 2007, a jump of 15.3%, thanks in great part to excellent sales of the F430 and 599 GTB Fiorano.

Ferrari’s trading profit of 266 million Euro represents a massive 45.4% increase on last year’s figure and brings Ferrari’s ROS (Return on Sales) up to 16% compared to 12.6% in 2006. This major increase comes despite the fall in the value of the US dollar, a currency in which around 30% of Ferrari sales are made.

The exceptional results were driven by increased sales and continuing efforts to improve the efficiency of their production and operation. A total of 6,465 road cars were delivered to clients, representing an increase of 14% on their 2006 resullt.

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Having made these gains, Ferrari are quick to point out that they have not skimped on their continued reinvestment in Research and Development and various other investments, with €299 million being allocated to these areas in 2007, a 29 percent increase over 2006 and the equivalent of 18 percent of Ferrari’s overall 2007 revenues.

These funds were put towards the development of future models, the building of the new company restaurant as well as the new production lines facility designed by Frenchman Jean Nouvel, an addition that continues Ferrari’s tradition of collaborating with top international architects. Both facilities will be officially opened within the next few months.

Ferrari has attributed a large part of this success to unprecedented level of growth to in the emerging markets. Sales to the Asia-Pacific region rose by 47.2% on last year’s figure while the Middle East was up by 32.3%. The trend was positive too, however, on more traditional markets such as the United States (+7.7%), Great Britain (+8.2%) and Germany (+5.9%).

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