Ferrari reports record net profits of €264m last yearWednesday 19 February 2014 11.50
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.