Ferrari posts record 2013 revenue

February 20, 2014 3:09 am

Italian supercar maker, Ferrari has said its revenue in 2013 rose 5% to a record €2.3bn, even as deliveries to dealerships of road cars fell 5.4% to 6,922 units, Reuters has reported. Ferrari’s trading profit for the year – earnings before interest, tax and one-time items – rose 8.3% to €363.5m, helping to erode some of parent group Fiat-Chrysler’s losses in Europe. The company will present its latest new model, the California T, at the Geneva car show next month.