Ferrari's Financial Results - 2013 Some interesting data from Ferrari's 2013 results that just came in:
• After 2012, its best ever year, Ferrari claims it decided to actually reduce the number of cars sold to maintain exclusivity and increase the value of their cars. Whether the number dropped due to weakening of demand, or Ferrari's own policy, is anybody's guess.
• While the number of cars delivered dropped to 6,922 (-5.4%) in 2013, revenues rose by 5% to 2.3 billion Euro.
USA = 2,035 deliveries
China = 700
UK = 677
Germany = 652
Middle East and Africa = 599
Japan = 380
• Italy has become a marginal market for Ferrari with only 205 orders.
• End-of-year trading profits reached 363.5 million Euro (+8.3 per cent), while net profits stand at 246 million Euro (+5.4 per cent).
• Brand-related businesses (retail, licensing and E-commerce) will be managed by a separate company, 100 per cent owned by Ferrari, from this year. Operating profits from this business were 54 million Euro.
• Ferrari's Research & Development budget was 337 million Euro (up from 324 million in 2012), almost 15% of revenues.
• The company has about 1.36 billion Euro in cash on hand. |