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2014 earnings

Discussion in 'Ferrari Discussion (not model specific)' started by rjn21, Feb 1, 2015.

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  1. rjn21

    rjn21 Karting

    Dec 3, 2013
    199
    UK
    #1 rjn21, Feb 1, 2015
    FCA released their 2014 earnings on 28 January. The full consolidated FCA accounts should be ready by end of February.
    http://www.fcagroup.com/en-US/investor_relations/events_presentations/quarterly_results_presentations/FullYear2014_ResultsPresentation.pdf
    See page 17.


    Ferrari highlights are:
    €15m severance package to LdM.
    7,255 cars sold in 2014.
    Revenues in 2014 of €2,762,000,000 up 18%.
    Revenue per car of €380,000 (doesn't mean average sale price as includes other revenues not just car sales).
    EBIT of €389,000,000 up 7%.
    EBIT per car of €53,000 (doesn't mean profit per car as EBIT includes other costs and incomes such as merchandising and possibly F1, but that is a very murky world).
     
  2. Zaius

    Zaius Formula Junior

    May 8, 2014
    863
    #2 Zaius, Feb 1, 2015
    Revenues are up 18% because the Euro lost like 20% of it's value over the last year against the dollar. If you adjust for currency debasement you get 2-3% increase, which is still good for a stagnant world economy. Ferrari is going to get looted and saddled with debts from Fiat spin off. Interesting how the V12 models have the biggest % increase in sales despite Speciale release, the F12 really is that good.
     
  3. RossoNero

    RossoNero Karting

    Sep 7, 2012
    164
    JHB, South Africa
    Full Name:
    Henry
    #3 RossoNero, Feb 1, 2015
    Another sign that LdM's exit was an ugly one. €15m after his tenure and Ferrari's resultant fortunes seems like a proper kick in the pants to me.

    I will be framing the letter he sent out to customers with the last edition of the magazine. A sad ending to an amazing story.

    Going forward, I can't think that the land of hedge funds and quarterly earnings projections will be good for the business.
     

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