GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Automobile

 
  Share
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 : GoDubai Editorial Team
Viewed 6057 times
Posted on : Wednesday, February 6, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : First-ever Cadillac XT4 arrives in the Middle East
Next Story : New Range Rover Velar Svautobiography Dynamic Edition – Refined Power
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Tissot Introduces Chrono XL 3x3 Street Basketball Special Collection
BYS COSMETICS Now in UAE
Chloé Launches The New Cloud-shaped “rosie” Sunglasses
Saint Honore
Hackket's Bags of Style
Max Mara Resort 2020 Collection
Introducing the Swim and Beachwear Summer Collection from Marks & Spencer
VBQ-presskit-denim-70s Capsule
New Land Rover Defender Completes Tusk Testing to Support Lion Conservation in Kenya
OMEGA Rocket Engine - Introducing the Master Chronometer Calibre 3861
Ministry of State for FNC Affairs Launches Forum Titled ‘Political Empowerment i...
Natural and gentle haircare essentials for your little ones from Fifi & Friends'
Eberhard & Co. Alfa Romeo Limited Edition
Jaguar Land Rover & Bmw Group Announce Collaboration for Next Generation Electri...
Rado Captain Cook Automatic Limited Edition with travel case'
Kickstart your summer workout with Ibn Battuta Mall's free indoor family Fun Run
Vincitore Realty sells out 108 homes in the Dh375 million Benessere project in j...
The Gucci Runway Makeup Looks for Cruise 2020
Britain's Greatest Test Driver, Norman Dewis Obe, Passes Away
Certina DS PH200M collection'
Electricity Most Searched Fuel Energy Term Online in UAE
UAE and Oman bodies sign MoU to jointly promote Internal Auditing
Aston Martin Produces First Cars at St Athan
Sony World Photography Awards Reveals New Categories for 2020 and Latest Sony Gr...
The Economic Times recognizes Malabar Gold & Diamonds as one of the Best Brands 2019
Backseat battles: kids driving their parents to distraction – and danger on the ...
Choose the perfect fragrance this Father's Day with Rasasi
Historic Opening of Coca-cola Arena Gets the Seal of Approval From Thousands of Fans
ZAAM Launches a spin on their iconic Polyhedron bag
BMW Group and Jaguar Land Rover announce collaboration for next-generation elect...
The Chaumet Garden of Earthly Delights
The SS19 Exclusive Edit From Etoile “La Boutique''
Jennifer Lopez in Ralph Lauren
Jaquet Droz Unveils Its 2019 Novelties at Dubai Mall
Happy Father's Day with Tonda 1950 Skeleton
CEO of Etihad ESCO, Ali Al Jassim's Statement on World Environment Day 2019
Empower launches summer campaign to reduce district cooling consumption for the ...
Sharjah Chamber to Take Part in the 11th Edition of the World Chambers Congress ...
Dubai Cares supports 3-year teacher training program in Ghana to boost early chi...
Team Abu Dhabi award Cappellini new long-term contract
Dp World, UAE Region's Strategic Solutions Boost the Automotive Sector
Dan Martin Returns to the Road to Lead UAE Team Emirates at the Criterium Du Dauphine
Resolution: Airlines Urge Governments to Adhere to Global Slot Allocation Guidelines
Celebrate Father's Day with Marks & Spencer
Restoration by Parmigiani Fleurier
Constructsteel Conference to take place in the Middle East for the first time
Ibn Battuta Mall Eid Al Fitr Celebrations
Emirates NBD highlights commitment to preserving marine biodiversity on World Oc...
Turkish Airlines added Strasbourg to the list of its destinations in France
Long-term visa granted to Dr. Azad Moopen & wife