Ferrari Confirms Increased Sales In Q2, Projects 8,000 Deliveries This Year

Ferrari performed better than expected during the second-quarter of the year posting

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by Brad Anderson

August 3, 2016 at 10:57

Ferrari performed better than expected during the second-quarter of the year posting an increase in earnings, revenue and deliveries.

In Q2 2016, a total of 2,214 Ferraris were shipped to customers around the world, 8 per cent higher than the same time last year. The increase is attributed to higher demand and sales for the California T, 488 GTB and 488 Spider.

Due of the phase-out of the FF and completion of LaFerrari production, V12 deliveries fell by 22 per cent. Sales of the F12tdf were not enough to override these changes.

The EMEA and Greater China regions say the most significant jumps in deliveries of 14 per cent and 26 per cent respectively. Throughout April, May and June, the Italian automaker’s earnings before interest and taxes rose by 26 per cent to 156 million euros ($175 million). That’s a significant jump over what some analysts had estimated. Meanwhile net revenues grew by 5.9 per cent to 811 million euros ($909 million).

All told, the firm has delivered 4,096 vehicles throughout the first half of the year and projects a total of around 8,000 units by year’s end.