Ferrari reports record net profits of €264m last year

Wednesday 19 February 2014 11.50
Sales in Ferrari's home country of Italy fell to just 205 last year
Sales in Ferrari's home country of Italy fell to just 205 last year

Italian supercar company Ferrari raced to a record year in 2013 on the back of expanding UK sales.

The company made an all-time high net profit of €264m - a 5.4% rise on 2012.

A total of 677 Ferraris were sold in the UK, with the nation overtaking Germany as the company's strongest European market.

The record profit was achieved despite Ferrari selling 5% fewer cars than in 2012, with the total delivered to dealerships in 2013 dipping to 6,922.

Sales in Ferrari's home country fell to 205, with Italy now representing only 3% of worldwide sales.

The US remains Ferrari's biggest market with more than 2,000 vehicles delivered last year.