All regions contributed positively. Europe, Middle East and the America’s increased by 8.8% with Germany, France, Italy and United Kingdom growing at double-digit pace. Americas increased by 4.2%. Net revenue for Q1 2017 was Eujust inder USD 900 million, more than a 20% increase from Q1 2016. Cars and spare parts revenue was up 21% to USD$635 million led by higher sales and strong mix led by the 488 family, the GTC4Lusso, the F12tdf and LaFerrari Aperta, along with a greater contribution from their personalization programs. The LaFerrari completed its lifecycle in 2016, as well as the non-registered racing car FXX K and the strictly limited edition F60 America, completing their limited series run in 2016.
Engine revenues increased 81% to USD$113 million which was mainly attributable to strong sales to Maserati more than offsetting the termination of the rental agreement with a Formula 1 racing team. Sponsorship, commercial and brand revenues were up 4% to USD$134 million mostly due to higher sponsorship revenues partially offset by lower 2016 championship ranking compared to 2015.
Ferrari is expecting to deliver 8,400 cars and generate USD$3.6 billion in net revenue for all of 2017.
On March 12th, 1947 Enzo Ferrari fired up the 125 S, the first car to bear his name. On the same day 70 years later, Ferrari launched its official celebrations for this milestone anniversary. In 2017 over 60 countries will host events that will allow the marque’s customers and enthusiasts to enjoy some unique experiences, developed according to the concept of “Driven by Emotion”.
Scuderia Ferrari has worked diligently to be prepared for the 2017 season, and the initial results are encouraging: five podiums in the first four races, with Sebastian Vettel winning two races so far.
On April 7th, 2017 Ferrari Land opened its doors to the public. The first theme park in Europe and the second in the world after Ferrari World Abu Dhabi that occupies an area of 70,000 square meters within the PortAventura World resort (Barcelona, Spain). Ferrari Land houses 11 attractions, among which the Red Force, the highest and fastest vertical accelerator in Europe, at 112 meters high and with a top speed of 180 km/h reached in just five seconds.