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Ferrari sales units and revenues down in 2009
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Ferrari
28th October, 2009
The Ferrari Board of Directors chaired by Luca di
Montezemolo met yesterday to discuss the company’s financial results for the
first nine months of 2009.
The figures confirm the trend that emerged
for the earlier part of the year with slight decreases on 2008, the most
economically successful year in the Prancing Horse’s entire history.
Specifically, the third quarter of 2009 ended with revenues of 396 million euro
(450 in the same period last year) and 1,454 cars delivered to clients (-4.3%).
Ferrari increased its market share in all of the countries in which it is
present. This represents growth in a reference market which has instead seen a
drop of about 40%.
Overall,
revenues for the first nine months of 2009 totalled 1,287 million euro compared
to 1,419 million in the same period in 2008, while 4,680 cars were delivered to
end clients (-6.9%), resulting in a trading profit of 176 million euro compared
to 243 million last year.
Two
new members were also appointed to the Board of Directors - Alessandro Gianni
Baldi, representing the Fiat Group, a Ferrari shareholder, and Khaldoon Khalifa
Al Mubarak, representing Mubadala, as its CEO, and who also holds high profile
positions with several other companies of the Emirate of Abu Dhabi.
The new members replace Jean Todt,
who resigned last March, and Ferruccio Luppi who left the Board at the end of
September.
A number of
overseas markets are proving especially positive, particularly the Middle East
and in the Asia Pacific area, including China which, despite the introduction of
a heavy tax on luxury goods, is showing a positive sales trend.
In Beijing Ferrari will celebrate
five years of activity in China with a special event on November 3rd. On that
date, in fact, a unique example of the 599 GTB Fiorano - the livery of which was
designed by the Chinese artist Lu Hao to mimic the distinctive cracked glaze of
ancient Chinese porcelain – will be auctioned. The proceeds from the auction
will be used to finance study grants for young Chinese automotive engineering
students who will be given the opportunity to complete internships at Maranello
and study at the Milan Politecnico.
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