Ferrari Announces Record Results for First Nine Months of 2012

        Ferrari Announces Record Results for First Nine Months of 2012

REVENUES OF 1,764 MILIONI EURO (+10 %)

5,267 ROAD CARS DELIVERED (+6%)

TRADING PROFITS OF 232.8 MILLION EURO (+9.6%)

NET PROFITS 152.4 MILLION EURO (+7.6%)

BEST-EVER INDUSTRIAL NET CASH: 959 MILLION

EXCELLENT SALES IN US (+16%), UK (+37%), GERMANY(+9%) AND JAPAN (+20%)

EDDY CUE OF APPLE JOINS BOARD

PR Newswire

MARANELLO, Italy, Nov. 7, 2012

MARANELLO, Italy, Nov. 7,2012 /PRNewswire/ --The Ferrari board of directors
met today under the chairmanship of Luca di Montezemolo to examine the
company's financial results for the first nine months of 2012. 

(Photo: http://photos.prnewswire.com/prnh/20121107/NY08205 )

As of September 30^th, Ferrari has recorded unprecedented revenues of 1,764
million euro (+10 per cent) and numbers of cars delivered to the dealership
network 5,267 (+6 per cent).

Trading profits increased by 9.6 per cent to 232.8 million euro, while net
profits grew 7.6 per cent to 152.4 million.

The company's industrial net cash position reached almost 1 billion euro - an
all-time record figure of 959 million euro - despite continuing commitment to
maintaining an extremely high level of investment in product development.
Ferrari also chalked up a net cash flow of 251 million euro in the first nine
months of the year.

The product mix was excellent with 12-cylinder model sales up 22 per cent
thanks to the success of the FF and the 8-cylinder models, particularly the
Ferrari California 30 and the 458 Spider. The racing GT2 and GT3 versions of
the 458 Italia took the titles in their respective categories last weekend in
the GT Open Championship after having already won the FIA World Endurance
Championship beating competition from the world's leading manufacturers. 

The USA confirmed its position as Ferrari's largest market internationally
with 26 per cent of total sales after delivery of 1,354 cars with a growth of
16 per cent.

The UK market saw record sales of 504 cars, a leap of 37 per cent, while
Germany saw continued growth (+9 per cent) with 534 cars delivered,
consolidating its position as the largest European market.

In the Far East, the positive trend in Greater China continued (+7 per cent)
with 566 cars delivered, while Japan saw deliveries of 214 cars, an increase
of 20 per cent. Results from the Middle East were in line with the excellent
figures obtained in 2011, with 274 cars delivered.

Sales in Italy, as in the previous two quarters, were down with 238 cars
delivered in the first nine months of 2012 (-49 per cent).

"These results confirm Ferrari's excellent performance in practically all of
the 60 nations in which it is present despite the continuing economic climate.
Once again the exception is Italy where we have witnessed a drop partly due to
the economic crisis, but also to a hostile environment for luxury goods which
have long been, and continue to be, an important resource for the country,"
said  Luca di Montezemolo who then announced the addition of a new Ferrari
board member. "I am delighted that Eddy Cue, one of the main driving forces
behind Apple's range of revolutionary products, has now joined our board. His
huge experience in the dynamic, innovative world of the Internet will be of
great assistance to us" 

Eddy Cue is Apple's Senior Vice President Internet Software and Services and
oversees Apple's industry-leading content stores including the iTunes Store,
the revolutionary App Store and the iBookstore, as well as Siri, Maps, iAd and
Apple's innovative iCloud services. He is a 23-year Apple veteran and played a
major role in creating the Apple online store in 1998, the iTunes Music Store
in 2003 and the App Store in 2008. He earned a bachelor's degree in Computer
Science and Economics at Duke University.

"I am pleased and proud to become a member of the board. I have personally
dreamed of owning a Ferrari since I was 8 years old and have been lucky to be
an owner for the past 5 years. I continue to be awed by the world-class design
and engineering that only Ferrari can do," said Eddy Cue, commenting on his
nomination to the board.

Ferrari's Brand-related activities (licensing retail and e-commerce) continue
to grow. Revenues from the online store are up 32 per cent while those
generated by licenses were up 20 per cent, with Puma proving particularly
robust. Ferrari also recently signed an agreement with Mondo TV for the
production and distribution of The Drakers, an original animated series for
young viewers that is inspired by the world of Ferrari.

Visits to Ferrari.com were also up by 20 per cent, while Facebook has almost
10 millions fans and views on the Ferrari YouTube channel have exceeded 20
million. 

www.ferrari.com



SOURCE Ferrari

Website: http://www.ferrari.com
Contact: The Ferrari Press Office, +39 0536 949185 / 072, media@ferrari.com
 
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