L
LequteMan
Guest
Italian sports car manufacturer, Ferrari, has announced that it was on course for a record year after recording a rise in profits and sales for the first three months of the year.
In a statement, the firm said its first-quarter figures were the "strongest ever" for the start of a year, and put the company "on the way to another record year".
Spurned off Fiat Chrysler Automobiles last year, Ferrari sold 1,882 cars in the first quarter, up 15% on the 2015 period. Profits rose 19% to €78m (£61.3m), with sales in Europe, China, and the Middle East rising by double-digits.
The sales growth was driven by Ferrari's eight-cylinder segment (V8), including two new models, the 488 GTB and the 488 Spider. Shipments of its V12 models slipped by 6%.
In addition, Sergio Marchionne, Ferrari's chairman would double up as the firm's chief executive officer, Ferrari stated.
Marchionne's taking taking over as chief executive from Amedeo Felisa, had been expected. He is also chief executive of Fiat Chrysler.
Deliveries of cars rose 24% in Europe, Ferrari's strongest market, to 950 units, but just 2% in the Americas to 523 units.
In a statement, the firm said its first-quarter figures were the "strongest ever" for the start of a year, and put the company "on the way to another record year".
Spurned off Fiat Chrysler Automobiles last year, Ferrari sold 1,882 cars in the first quarter, up 15% on the 2015 period. Profits rose 19% to €78m (£61.3m), with sales in Europe, China, and the Middle East rising by double-digits.
The sales growth was driven by Ferrari's eight-cylinder segment (V8), including two new models, the 488 GTB and the 488 Spider. Shipments of its V12 models slipped by 6%.
In addition, Sergio Marchionne, Ferrari's chairman would double up as the firm's chief executive officer, Ferrari stated.
Marchionne's taking taking over as chief executive from Amedeo Felisa, had been expected. He is also chief executive of Fiat Chrysler.
Deliveries of cars rose 24% in Europe, Ferrari's strongest market, to 950 units, but just 2% in the Americas to 523 units.