The Ferrari SpA Board of Directors released today the consolidated results of the Ferrari and Maserati group for the year 2001.

For the third consecutive year, Ferrari has won the Formula 1 Constructors’ world title, and for the second consecutive year, the F1 Drivers’ world title.

The commercial sector had a record-breaking year as well, with the delivery of 4,289 Ferraris to customers, 1,185 of which were sold in the USA. Maserati, which in 2001 was not yet back in the USA. market, delivered 1,869 in the same period.

With regard to the main financial results, global sales turnover totalled € 1,058 million, an increase of 18.5% over 2000’s results (€ 893,3 million).

The consolidated operating profit amounted to € 62 million, with an increase of 35,9% over last year’s figure (€ 45.6 million).

Income before tax amounted to € 47 million, showing a considerable increase (+612,9%) over the € 6,6 million figure declared in 2000.

Total investments in both tangible and intangible assets, and research and development funds (the latter funded entirely from the Profit and Loss account), amounted to € 225,3 million, with an increase of 76,7% over the previous year.

Regarding Maserati, the marque has now completed the first phase of its relaunch, and with the introduction of the new models (the Spyder at the end of the year and the Coupé at the beginning of 2002) has entered into a phase of growth and strengthening. With the introduction of the new “quattroporte” at the end of 2003, the entirely new product range will be complete. In 2001, the phase-out of the 3200GT and initiation of production of two new models has led to a minor decrease in deliveries. Nonetheless, the general forecasted trend for Maserati is extremely positive.

The initiatives aimed specifically at clients are enjoying considerable success, both in terms of profits and customer satisfaction. In particular:

- Options from the personalisation programmes - Carrozzeria Scaglietti for Ferrari and Officine Alfieri Maserati for Maserati are specified on 83% of Ferraris and around 80% of Maseratis sold;
- The insurance and financial services, now covering a growing number of markets, were selected by approx. 1/4 of both marques’ clients;
- The involvement of customers in motorsports activities in the worldwide Challenge, GT and Sport championships already includes over 180 drivers and will see another 60 new 360 Challenge racing entries in the 2002 competitions. The 360 GT and the 333 SP, managed by private teams, won both the FIA GT and Sport world championships.

Ferrari’s sales and aftersales activity was carried out in 43 countries, representing over 90% of the worldwide automotive market. The most positive results - also new records for the marque - were attained in the U.S. (+7%), Germany (+7%), U.K. (+15%) and Australia (+17%). Other markets showing positive results were Italy (+14%), Austria (+42%) and Canada (+20).

Maserati’s sales show important increases in Italy (+13%), France (+10%) and Japan (+3%), along with positive results in the Middle and Far East (+63%) and Finland (+63%). Maserati has also shown a constant increase in its segment’s market share in the seven major markets of the world, gaining a 10% share with the 3200GT model alone.

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