Ferrari Announces a Record First Six Months Despite Reduction in Production

Ferrari has just posted its half-year 2014 financial results with revenues hitting an impressive 1.348 billion euros and net profits hitting 127.6 million euros.

The total revenues figure represents an impressive 14.5 per cent gain over the same time period in 2013 with trading profit also reaching 185 million euros; a 5.2 per cent increase over last year. For the first six months of the year, Ferrari delivered a total of 3631 cars which is a slight decrease over last year because the Italian firm recently decided to cap annual production to 7000 units.

The U.S remains Ferrari’s largest market with 13 per cent growth being recorded for the first half of 2014 and 1062 cars delivered. In Europe, Great Britain is the biggest market with 408 vehicles being delivered. Elsewhere around the globe, deliveries in Italy increased by 13 per cent to 131 units while Japan also saw 13 per cent growth up to 195 cars. Deliveries in Australia were up by 7.7 per cent up to 56 cars delivered.

Discussing the results, Luca di Montezemolo said, “It gives all of us here at Ferrari a sense of great satisfaction to continue to achieve record financial results, particularly given that production was limited. I am sure that in a few months’ time, we will be marking the end of a truly extraordinary and unprecedented year. Sales will also increase by several percentage points to avoid excessively long waiting lists.”

As part of the financial results announcement, the Italian sports car manufacturer confirmed that to celebrate its 60th year in the U.S, it will create a special car specifically for the U.S. market. According to di Montezemolo, “just 10 examples will be built, in addition to planning a major event in Los Angeles to bring together all our American clients and collectors, and a charity initiative.”


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