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Ferrari Posts €54 Million Trading Profit in the First Quarter of 2009

Saturday, April 25, 2009

Even though Ferrari was not completely unaffected by the financial crisis, the Prancing Horse ended the first quarter of 2009 with a trading profit of €54 million (versus €59 million for Q1 2008) which is the highest profit recorded in any of the various Fiat Group sectors. For Q1 2009, the Italian supercar maker reported €441 million in revenues, down 3.3% over the corresponding period for 2008 due to lower sales volume.

In particular, during the first three months of the year, Ferrari delivered 1,571 cars to the network, a 5% decrease over Q1 2008, while sales to end-customers totaled 1,480 units, down 10% from a year ago.

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