25.10.07

In amongst the detail of the Fiat Auto Group Quarter 3 2007 results is a small paragraph of how Ferrari fared, and they seem to have done very well with improved sales and higher profit. Having got rid of Maserati some time ago and with significantly increased production output the company made a profit of 15.2% of sales in Q3. Here is the full text of the paragraph concerning Ferrari:

Ferrari had revenues of €368 million in Q3 2007. The 10.8% increase from Q3 2006 is attributable to sales of the 599 GTB Fiorano model and the F430 model, the Spider version in particular. In the period, a total of 1,428 units were delivered to the sales network (+8.8%); sales to end customers were 1,535 units (+12%).

Ferrari closed Q3 2007 with a trading profit of €56 million, up 47.4% from Q3 2006. This positive performance is mainly attributable to higher sales volumes and cost efficiencies.

The F430 Scuderia, a special series model derived from the F430, was presented at the Frankfurt Motor Show. This high-performance two-seater berlinetta demonstrates how Ferrari's Formula 1 know-how is carried across to its car production and is aimed specifically at Ferrari's most passionate and sports-driving oriented clients.

In the first nine months of 2007 Ferrari had revenues of €1,172 million, an increase of 12.9% from the same period of last year. Deliveries to dealers totalled 4,675 units (+15.1%); sales to end customers were 4,899 units (+13%).

Ferrari had a trading profit of €157 million, an improvement of 53.9% over the first nine months of 2006.

Ferrari just closed its Formula 1 season, winning both the constructor’s series and the driver’s championship for the 15th time.