Ferrari Thriving, Posts Increased Third-Quarter Sales And Profits

Ferrari’s third-quarter sales rose by nearly 11 percent, with the Italian car firm shipping a total of 2,262 units, 216 more than in the same time period of 2017.

During this time, the company’s net revenues rose by 0.3 percent, whereas the net profit, as indicated in the results table below, went up by 105 percent.

The biggest market for Ferrari since the beginning of the year was the EMEA (Europe, Middle East, Africa). They have shipped 3,181 vehicles in this region between January and September, up 8 percent, and 1,005 in the third quarter, an 11 percent improvement.

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In the Americas, the automaker’s third-quarter sales went up by 5 percent, to 770 units, contributing to the overall sales since January reported at 2,189.

Another 522 Prancing Horses were shipped to China, Hong Kong and Taiwan combined since the beginning of the year, including 162 units in the third quarter. In the rest of the APAC (Asia-Pacific) markets, 961 Ferraris found new homes between January and September, including 325 sold in the third quarter.

All in all, total sales rose by 7 percent globally in the first nine months of the year, for a total of 6,853 vehicles, out of which 2,262 were delivered between July and September. V8 and V12 sales were led by the Portofino and 812 Superfast, which witnessed an increased demand of 11 and 7.9 percent, respectively.

The company is expected to almost double its earnings to €1.8-€2 billion ($2-$2.3 billion) by 2022 with the introduction of 15 new models, including special editions, hybrids and an SUV.

Note: Ferrari Portofino and 812 Superfast pictured