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Ferrari ends 2007 with record-breaking results

Siddarth Raja

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1 598 views Feb 13, 2008

Ferrari ends 2007 with record-breaking results

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Ferrari may be one of the most exclusive brands on the planet but you’d be hard pressed to guess it’s a niche player by looking at its financial performance alone. The guys from Maranello experienced a record year in 2007, with almost all major economic indicators showing positive gains and sales numbers up in virtually every market Ferraris are sold in.

Revenues (turnover) increased from the €1,447 million recorded in 2006 to €1,668 million in 2007, a jump of 15.3%, thanks in great part to brilliant sales of the F430 and 599 GTB Fiorano. A total of 6,465 road cars (not including track car sales) were delivered to end clients, an increase of 14% on 2006.

This ensured profits were also up, reaching a significant €266 million, a massive 45.4% increase on the previous year’s figure. The exceptional results obtained were predominately thanks to increased sales volumes and efficiency measures, and this was in a year where Ferrari also spent record levels for R&D. This major increase also comes despite the fall in the value of the U.S. dollar, a currency in which around 30% of Ferrari sales are made.

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Comment (1)

By ohmy Posted: 2/13/2008 4:30pm PST

now ferrari's are a everyday sight where i live, they have sorta lost some fo their luster, lambos are less prevelant so they make me turn my head, ferrari's on the other hand, almost meeh like reaction.

kinda sad.....now this isnt to say that I wouldnt want to own one hahaha....i'd love to have one

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