Feb. 18, 2013
/PRNewswire/ -- In 2012 Ferrari posted records results in its best ever trading period in the company's 66-year history. This fact was confirmed when the Ferrari Board of Directors met today under the chairmanship of
Luca di Montezemolo
to examine the company's end-of-year results.
All the main economic indicators exceeded the previous records set in 2008 despite a much poorer world economic backdrop.
A total of 7,318
cars were delivered
to the dealership network in 2012 (+4.5 per cent on 2011), while
2.433 billion euro
(up 8 per cent) were recorded.
jumped by 12.1 per cent to
350 million euro
coming in at just under
244 million euro
(+17.8 per cent) and
(Return on Sales) of 14.4 per cent which is very much on a par with the top companies in the luxury sector.
The company made significant
over the last 12 months which, including Research and Development, amounted to
324.3 million euro
280 million euro
in 2011). This investment was completely self-financed thanks to the company's consistent cash flow generation, a fact confirmed by its
industrial net cash position
one billion euro
We are all enormously proud of ending the year with these kinds of results despite the unfavourable economic backdrop in many European nations, and the distinctly hostile one in
Luca di Montezemolo
The credit for this goes to the men and women in Ferrari, the strength of the brand, a very complete and highly innovative range, and our gradual expansion into automotive markets worldwide."
The 2012 results are in line with the company's geographical sales distribution plan which is divided into equal parts between America,
, including the
. To further boost its presence on the various markets, Ferrari has reorganised its commercial network so that it now has four coordination centres: America,
, Far East.
Ferrari enjoyed record sales in the
in 2012 with deliveries there exceeding the 2,000-car mark for the first time (2,058), an increase of 14.6 per cent (
performed very impressively with deliveries in
up by 20.4 per cent (673 cars), and by 17.4 per cent in
(750 cars, +8.2 per cent) confirmed its position as Ferrari's most important market in
, while other main Countries in the area ended the year in line with 2011.
couldn't have been more different: despite performing better than the average in a sector that registered a 60 per cent drop in sales in 2012, Ferrari ended the year with 318 cars delivered to dealerships, a 46 per cent decrease on the 2011 figure.
The positive trend in the
Middle East and Africa
continued with an increase of 4.5 per cent with deliveries of cars rising to 556.
People's Republic of China
) retained its position as the second largest market with a record 784 cars delivered (+4 per cent), just under 500 of which went to
, a long-established Ferrari market, made a significant return to double-figure growth (+ 14.4 per cent), with 302 cars delivered.
The results delivered by brand-related activities
(Retail, Licensing and e-commerce
), which underwent reorganisation in 2012, were excellent too, showing a 40 per cent increase in operating margin to over
50 million euro
results were up 5 per cent, thanks also to a new interior design concept which will be extended to the 50 Ferrari Stores around the world.
Growth was impressive too in
(+22 per cent), while
revenues were in excess of
seven million euro
(+31 per cent). Ferrari enjoys a particularly extensive presence on the various web channels and social networking sites, having recently passed the 10 million fan mark on Facebook.
front, the Scuderia welcomed its first Chinese partner, Weichai Power, whose parent company, the Weichai Group, is one of
's largest conglomerates. Ferrari also strengthened its links with other companies that lead the world in their respective sectors, including Hublot, Kaspersky Lab and TNT.