Dubai PR Network, Online Press Release from Dubai and Middle East
Filter PR by
  
Another year of sustained growth for Ferrari
Another year of sustained growth for Ferrari
All 2018 targets met or exceeded
 
  • Total shipments of 9,251 units, up +10.2%
  • Net revenues of Euro 3,420 million, up +0.1% or +3.2% at constant currency
Dubai UAE, February 06, 2019 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announced its consolidated preliminary results for the fourth quarter and twelve months ended December 31, 2018.
 
Shipments
 
Shipments totalled 9,251 units in 2018, up 853 units or +10.2% vs. prior year. This achievement was driven by a 19.6% increase in sales of our 12 cylinder models (V12), while the 8 cylinder models (V8) grew by 7.3%. The V12 performance was mainly led by the 812 Superfast, partially offset by lower sales of LaFerrari Aperta that finished its limited series run. V8 performance was led by the ramp up of the Ferrari Portofino as well as the newly launched special series 488 Pista.
 
Growth in shipments occurred across all regions: EMEA grew 13.1%, Americas increased by 6.7%, China, Hong Kong and Taiwan, were up 12.6% and Rest of APAC was up 7.8%.
 
Total net revenues
 
Net revenues for 2018 increased by a few million to Euro 3,420 million, up 0.1% at current currency and up 3.2% at constant currency. Revenues in Cars and spare parts (Euro 2,535 million, +3.2% at current currency or +6.9% at constant currency) were supported by higher volumes led by the 812 Superfast, as well as the ramp up of the Ferrari Portofino and the 488 Pista. Additionally, pricing and personalization programs positively contributed along with deliveries of the Ferrari J50 and first deliveries of the FXX K EVO, which was partially offset by lower sales of LaFerrari Aperta. The erosion in Engines revenues (Euro 284 million, -23.8% at current and constant currency) reflected lower shipments to Maserati. Sponsorship, commercial and brand revenues (Euro 506 million, +2.4% at current currency or +5.3% at constant currency) were up thanks to stronger revenues from sponsorship as well as a higher 2017 championship ranking compared to 2016, partially offset by lower sales generated by other brand related activities. Currency, including translation and transaction impacts as well as foreign currency hedges, had a negative impact of Euro 105 million (mainly USD, GBP and JPY).
 
2018 highlights
 
488 Pista: on February 21, 2018, the Group announced that it had selected the 88thedition of the Geneva International Motor Show for the world premiere of the 488 Pista, the Group’s successor to Ferrari’s V8-engined special series. The 488 Pista marks a significant step forward from the previous special series in terms of both performance dynamics and for the level of technological carryover from racing.
The 3.9-litre V8 takes the “International Engine of the Year Award”: on June 5, 2018, the latest iteration of Ferrari’s turbo-charged V8 that equips, in various forms, all Ferrari’s V8-engined cars, received the award for the best engine in the world for the third year running in the 2018 International Engine of the Year Awards. Additionally Ferrari’s turbo-charged V8 was voted the best engine of the last 20 years.
 
Ferrari takes the “Red Dot: Best of the Best” design award: On July 10, 2018, for the fourth year running, Ferrari received the “Red Dot: Best of the Best” award for the ground-breaking design of the newly launched Ferrari Portofino. The jury of international designers also assigned two Red Dot awards to Ferrari for outstanding design quality to Ferrari on the 812 Superfast and the FXX K EVO.
 
488 Pista Spider: on August 25, 2018, the Ferrari 488 Pista Spider was unveiled during the Concours d’Elegance at Pebble Beach. The 50th open-top model produced by the Prancing Horse is the company's highest ever performing Ferrari spider, with a record power-to-weight ratio of 1.92 kg/hp.
 
It combines the finest race-developed technological solutions with the joy of en plein air driving to deliver an exhilarating experience behind the wheel.
 
The model’s engine, dynamics and aerodynamics are derived from two track cars: the 488 Challenge and the 488 GTE. The latter won the GT class of the FIA World Endurance Championship in 2017, thus giving Ferrari a total of five GT Manufacturers’ titles since the championship’s inception in 2012. Furthermore, this model has very clearly benefited from the extensive development work done to produce the coupé version, the 488 Pista.
 
Ferrari Monza SP1 and SP2: on September 17, 2018 the Ferrari Monza SP1, together with the Monza SP2 were unveiled on the eve of the Capital Markets Day. They are the first in a new concept, known as ‘Icona’ (Icon), that taps into a leitmotif of the most evocative cars in the company’s illustrious and unique history to create a new segment of special limited series cars for clients and collectors. The intention is to use a contemporary aesthetic to reinterpret a timeless style, with technologically advanced components and the highest performance possible through continuous innovation.

Posted by : Al Tayer Group - Automobile Dept, Sony Elias
Viewed 9906 times
PR Category : Automobile
Posted on : Wednesday, February 6, 2019  1:33:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Parmigiani Fleurier's New Tondagraph GT Rose Gold Blue [5338-Views]
essence Essentials For your Eyes! [4084-Views]
Achieve Pore-fect Skin With the Face Shop's Latest Drop [3792-Views]
Versus Versace Republique - VSP1V0519 [3247-Views]
Ogilvy Becomes First Agency Brand to Reach 1 Million Followers on LinkedIn [3218-Views]
KARL LAGERFELD – Back to Black [2927-Views]
Make Up for Ever is Breaking Through With a Lipstick Revolution With Rouge Artist [2644-Views]
Three GEMS Education Schools in Dubai Celebrate a Combined 75 Years of Quality Education [2628-Views]
OMEGA Goes Platinum-Gold For New James Bond Watch [2608-Views]
Huawei is Set to Dramatically Alter the Entry Level Smartphone Segment with the Launch of ... [2448-Views]
Indian shuttlers make a clean sweep at Dubai Sports Council's Community Club's Tournament [2390-Views]
How to Work the Hottest Fall Makeup Trends on a Budget [2341-Views]
Sharjah's Hamriyah Free Zone Inks Deal With Lamprell, Leading Provider of Fabrication, Eng... [2230-Views]
Flydubai Uses Cutting-edge Technology by ASD to Track and Clean Aircraft Seat Covers [2214-Views]
Dubai Chamber Whitepaper Examines Growth Potential of UAE Space Economy [2173-Views]
That Hair Tho – THT Offers Complimentary Haircuts for Those Who Have Lost Jobs, Have Job I... [2148-Views]
Expo Centre Sharjah Delays Watch & Jewellery Middle East Show (WJMES) to April 2021 [2140-Views]
The Time to Prepare for COVID-19 Vaccine Transport is Now [2136-Views]
Free Me – The First Naturally Kind Mosquito Repellent Made in the UAE [2120-Views]
Land Rover Defender Gains Plug-in Hybrid Electric Power, Six-Cylinder Diesel and New X-dyn... [2112-Views]
Euronews Investigates How the UAE is Using Artificial Intelligence in Healthcare and Educa... [2091-Views]
Medcare Partners with InterSystems to Implement World-Class Healthcare Information System [2066-Views]
Dabur Herb'l Launches Natural Gel Toothpaste With the Freshness of Aloe Vera [2046-Views]
Prevention is Better than Cure, Especially with Lice! [1972-Views]
Pogacar Reclaims White Jersey and Climbs to 2nd in General Classification [1964-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories