Business has been good for Ferrari. Thanks in no small part to expanding its activities in developing markets, the racing team turned automaker raked in 556 million euros in revenues to generate 42.1 million euros in profit in the first quarter of this year alone – an increase of 13.2 and 17.2 percent, respectively. Those figures are driven by increased sales that amounted to 1,733 units produced and delivered in the first quarter out of an exciting model range that includes the 458 Italia and Spider, the recently revised California, the innovative FF and the brand-new F12 Berlinetta. But the House that Enzo built is not about to stop there.

Buried deep within the company's financial report (which you can delve into after below the fold should you be so inclined) comes confirmation direct from the company's affable chairman (and possible next Italian prime minister) Luca di Montezemolo: "At the end of the year, we'll also be unveiling the new Enzo, a limited series model and our first ever hybrid car."

So there we have it, straight from the proverbial lion's mouth and in no uncertain terms. Before we flip the calendar to 2013, we'll have the latest in the long line of earth-shattering supercars that started with the 288 GTO, continued with the legendary F40, through the open-top F50 and on to the radical Enzo. And yes, it will be a hybrid, coupling an electric motor to a revised version of the V12 in the new F12 Berlinetta, as Ferrari revealed at the Beijing Motor Show.
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Very positive Ferrari first quarter growth

- Revenues of 556 Million Euro (+13.2%)
- 1,733 cars delivered (+11.5%)
- Net profits of 42.1 Million Euro (+17.2%)
- Record industrial net cash of 860 Million Euro

Excellent results from the USA (+16), Germany (+24)

Maranello, 10th May 2012 – The Board of Directors of Ferrari S.p.A. met today under the chairmanship of Luca di Montezemolo to examine the company's accounts for the first quarter of 2012.

On March 31st, Ferrari recorded a string of excellent results: revenues rose to 556.1 million euro (+13.2 per cent) and 1,733 cars were delivered to the dealership network, an increase of 11.5 per cent on the same period last year.

These results are the fruit of the success of the 12-cylinder FF and the continuing popularity of the 8-cylinder models, most notably the Ferrari California, which is the company's best-selling GT, and the coupé and spider versions of the 458 which top the sports car segment.

One hundred per cent of Ferraris are personalised by their owners who, since the start of 2012, have also been able to avail of the innovative Tailor Made programme, which allows each client to tailor their own bespoke car using an extensive variety of unique and exclusive materials, colours and finishes, with the assistance of a specialist team.

The F12berlinetta, the most powerful and high performance Prancing Horse car ever built and the first in a new generation of V12s, made no contribution to these results as deliveries will not commence until the second part of the year.

Trading profit grew by 13.4 per cent to 60.5 million euro, while net profits rose by 17.2 per cent (42.1 million euro).

Ferrari's industrial net cash position on March 31st was the strongest in its history at 860 million euro. This was achieved despite keeping product investment extremely high and thanks to a net cash flow for the first quarter of 152 million euro.

The one-make series of the Prancing Horse, the Ferrari Challenge, is also proving to be very successful with the 2012 racing season starting with 100 458 Challenge cars on the tracks in North America, Europe and Asia-Pacific.

In terms of sales, the US remains Ferrari's most important market recording growth of 16 per cent even after the excellent figures recorded in 2011.

Sales in Europe were also very positive with excellent results in the United Kingdom (+31 per cent, 177 cars delivered) and in Germany (up 24 per cent). Italy is the exception to this trend with sales of 121 cars, down 65 compared to the first quarter 2011 as a result of the economic situation and the local government's recent financial initiatives.

In the Far East, after a record 2011, the Greater China market (China, Hong Kong and Taiwan) continued to grow with 154 cars delivered in the first quarter. On May 18th, a major new Ferrari exhibition will open at the Shanghai Expo in China where a 1,000 square metre space will host some of our most iconic road models as well as Formula 1 cars. The display will also feature simulators and interactive points where visitors can learn about Ferrari's history and the Maranello campus.

The Middle East also delivered extremely significant results with sales this first quarter up by 23 per cent and 81 cars delivered.

"After an extraordinary 2011, starting the year with all the economic indicators on the rise is very satisfying indeed," declared Ferrari's Chairman, Luca di Montezemolo. "We have a complete new model range brimming with technological innovations, and which deliver significant reductions in fuel consumption and emissions, down by 30 per cent on average." He continued: "At the end of the year, we'll also be unveiling the new Enzo, a limited series model and our first ever hybrid car."

Brand activities (retail, wholesale, licensing and e-commerce) are up by 10 per cent overall: there are now 50 Ferrari Stores worldwide, including a new store in Madrid which opens officially at the end of May.

Ferrari also retains its leadership in online activities with over 8 million friends on Facebook and almost one million on Google +.


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  • 18 Comments
      RJC
      • 2 Years Ago
      1733 units in a quarter? I remember when a good YEAR for Ferrari was generating less than that same figure, which included all models. What happened to exclusivity and the mystic? If they sell out and make the move to building stealth trucks, like Porsche and Lamborghini, then the Mayans were right--the end of the world is coming.
      k_m94
      • 2 Years Ago
      Well, there goes my hope of a 1000kg target, F40 evocative beast powered by a twin turbo 458 V8. But if this has a V12, combinee ~900hp, and weighs about 1200kg or less, then all is perfectly fine.
        IBx27
        • 2 Years Ago
        @k_m94
        What if it sounds like a hybrid, which it will?
          k_m94
          • 2 Years Ago
          @IBx27
          A "hybrid" sounds like its combustion engine paired occasionally with its electric motor. And this, unlike say a Volt or Fisker, is predominantly powered by internal combustion, not electric drive+generator. So, considering that electric makes almost no sound, and the combustion engine is going to be a ballistic, barely restrained V12 likely revving over 9000 rpm, I have every reason to believe it will sound like, ooh, I dont know, a V12 Ferrari? I might agree with you on being a little dissappointed by dropping manuals on everything, but for the last decade or so, Ferrari has been quite keen on the bleeding edge technology/F1 to roadcar aspect. And by simple physics of engine design and internal combustion, they sound just as fantastic as ever, of course taking into account they cant get away with dumping as much unburned fuel into the exhaust to snap crackle and pop like an old carbureted, inefficient and comparatively powerless V12/V8 of yesteryear. Sorry, but Ferrari has never really been about utter nostalgia, and anyone willing to fork $250,000, $400,000 or even over a million dollars for a new Ferrari wants their money's worth of goodies like racing technology, dual clutches, street/track versatility, and ever increasing specific output from big, advanced, wildly high revving engines.
      Once upon a 77
      • 2 Years Ago
      Truly a fan of Ferrari's more recent projects (458, FF, F12..) I like where their heads at. That said, I just don't see this being as significant as the Porsche 918
      oysterclam
      • 2 Years Ago
      I just don;t need to drive a car like this EVER to get a woody.....Testosterone deficient men and their toys....Spend a million dollars on something meaningful, not a car fer god sake....
      guyverfanboy
      • 2 Years Ago
      As long as you speed like a bat out of hell, I don't care!
      Andre Neves
      • 2 Years Ago
      Ferrari making a hybrid by years end? The apocalypse couldn't come any sooner.
      IBx27
      • 2 Years Ago
      Somebody please get this guy out of ferrari, and quick.
      Jules
      • 2 Years Ago
      I don't care if it gets power from gas, electricity or lean yogurt. Just make it fast as hell. Remember Top Gear got to roadtest the Enzo two years after it was launched and it still set a lap record which remained unchallenged until the Enzo-based MC12 came along.
      halenii
      • 2 Years Ago
      I just farted!!!! NO,really I JUST FARTED!!!!
      RocketRed
      • 2 Years Ago
      556 million euros in revenues and 42 mil in profits seems kind of paltry for what is a ubiquitous global luxury brand. After Luca's salary, I'm not sure how much more of 42 million would be left over. But then you see this is on 1700 units per quarter, so 6800 cars per year. That's almost 82K per car, or 40 percent margin on a 200K car. But you know they would make even more money with a big nasty SUV. After they see Lamborghini print money with their SUV Luca is going to have think about it real hard.
      woodycreekrick
      • 2 Years Ago
      LDM is the longest, continually employed CEO of any automobile company ever, proving the value of stability at the top levels. He is Enzo Ferrari's hand picked successor and he continues to prove the wisdom of Enzo Ferrari. Under his watch, Ferrari has become the leading edge of all automotive brand values. LDM's vision, passion, focus, and determination can be challenging at times but his dedication to Ferrari and all things goods for Ferrari is unquestionable. He sets high standards for everyone who has anything to do with Ferrari and does not accept less than full efforts at every level. The product development and refinement under LDM has been incredible. The performance and quality of Ferrari today is unmatched. History will look back on these years as the 'Montezemelo Era' with great respect. His General Manager and Chief Engineer, Amedeo Felisa, is from the same mold. Superb talent. We could not have better leadership at Ferrari than we have had these last years. It's an amazing period in the history of the most interesting automobile company ever. My respect for the Ferrari brand and their management continues to grow even when I disagree with somethings. 100 years from now all will envy the automotive period we are enjoying right now. i always think they can't make the product any better and then they do, again and again. Brilliant leadership and engineering. 'A North American Ferrari Dealer"
      Randolph
      • 2 Years Ago
      Ferrari confirms big new. WILL BUY TRANS AM MODEL FROM GM. Sell in America only. First available purchase 2013. That is what I want to hear...
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