What recession? Ferrari fiscal records report a robust 2012! The luxury carmaker announced that it has broken its industrial net cash position record through September, and that by the end of that month it had earned $1.22 billion at current exchange rates. Somewhere in the distance, you can hear the Horses Prancing. This is good news for the company responsible for such amazing machines as the F430, 458 Italia, and all-new F12 Berlinetta.
The Ferrari F12 Berlinetta at the Geneva Auto Show this year.
Ferrari has enjoyed a fine fiscal year for 2012. The Prancing Horses are healthy and finding new stables, leading the company into a time of stability.
Aside from industrial net cash position, Ferrari boasts revenue of $2.25 billion, a 10% increase. Total profits are looming at $194 million so far, which is a 7.6% increase. That certainly seems like a lot of overhead, yet what else is to be expected in the business of crafting some of the world’s most beautiful and powerful dream machines?
The Ferrari 458 Italia looks great in yellow and earned the company plenty of green, regardless of the fire recalls.
Ferrari sales have been very healthy indeed, with the following percentage increases (this does not reflect all global sales):
• 16% in the United States
• 37% in the UK
• 9% in Germany
• 20% in Japan
• 7% in China
• 274 units delivered to the Middle East
The F430 coupe
The large jump in the UK is a bit odd, considering the financial chaos and unpalatable fuel costs. These regions have helped to attribute to delivery of 5,267 road cars thus far in 2012. Can’t afford to own a supercar? Never a problem when you rent an exotic car from your friends at Imagine Lifestyles. Leave the costs of ownership to us and experience your favorite brands anytime!
Post by Imagine Lifestyles Luxury Rentals