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