Profit Ferrari fell to 176 million euros

Ferrari announced third quarter financial results, which shows revenues of 396 million euros (450 in the same period in 2008) and 1454 cars delivered (-4.3%). Company's profit fell to 176 million euros (vs. 243 million last year).

Ferrari has increased market share in all countries where it has offices, despite the decline in overall sales of cars, approximately 40%.

Overall, revenue in the first nine months of 2009 totaled 1.287 billion euros compared with 1.419 billion in same period of 2008, when 4680 cars were delivered to customers (-6.9%), yielding a net profit of 176 million to 243 million last year.

In some markets, but the results were positive, particularly in the areas of the Middle East and Asia Pacific, including China, despite the introduction of an additional levy on luxury products.

In Beijing, Ferrari will celebrate on November 3 five years of activity on the Chinese market. At this time, will be auctioned a single 599 GTB Fiorano, working with Chinese artist Lu Hao.

Source: http://www.ferrari.com/

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