The results Ferrari during 2021 they have been very good up to now, with a significant order collection (aiming for the record) and based on an increase in interest from China and the United States. In the third quarter of 2021, the cars delivered reached 2,750 units, an increase of 437 units or 18.9% compared to the same period of the previous year.
Sales of 8-cylinder (V8) models increased by 39.4%, while 12-cylinder cars (V12s) recorded a decrease of 35.1%, mainly due to lower deliveries of the 812 Superfast. Deliveries in the quarter were driven by models in the range, with the first deliveries of the SF90 Spider started during the same period, and those of the Portofino M entered the acceleration phase. Activities related to the Ferrari Monza SP1 and SP2 continued in line with plans.
In fact, all regions contributed positively during the quarter. The EMEA region (Europe and the Middle East in particular) recorded an increase of 1.6%, while the Americas of 40.1%. While Mainland China, Hong Kong and Taiwan posted growth of 109.2%, favored by the arrival of new models, in particular the Ferrari Rome and the SF90 Stradale.
Ferrari analyzes the results giving particular importance to what is actually a richer product mix, thanks to the SF90 family and the Ferrari Monza SP1 and SP2, as well as customizations, partly offset by the acceleration of deliveries from Ferrari Roma and the lower contribution of 812 Superfast. The generation of industrial free cash flow, exceptionally strong in the quarter, amounting to Euro 242 million, it was also driven by the collection of advances on the 812 Competizione.
Industrial and research and development costs showed an increase (12 million euros) mainly due to the innovation of the product range, start-up costs, as well as expenses related to Formula 1 activities. in particular the activities related to the brand.
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