Ferrari has announced financial results for the first half of 2014, revealing record revenues and profit.
For the six months ended on June 30, Ferrari recorded revenues of 1,348.6 million euro (up 14.5%) and trading profit reached 185 million euro (up 5.2%). Net income increased by almost 10% to 127.6 million euro too.
A total of 3,631 cars were delivered globally – 3.6% fewer than in the same period in 2013. This dip is attributed to a gap between the California model going out of production and deliveries of the new California T beginning in the summer. An increase of 5% in deliveries is planned by the end of the year.
Britain remains the brand’s largest market in Europe with 408 cars delivered – seven fewer than in the first half of 2013.
In the Far East, Ferrari recorded double-figure growth in Japan (up 13%, to 195 cars) while Greater China, saw a drop to 285 cars delivered (344 in the same period last year). In the USA sales rose 13% to 1,062 sales.
Outgoing Ferrari chairman 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.”
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