Ferrari's net profit in 2016 rose to 400 million euros

Published on 03 Feb 2017 14:48

2016 wasn't a great year for Ferrari in Formula One as the team failed to claim a victory and slipped to third in the constructor standings. In a year where the team was tipped to challenge the dominant Mercedes, they only fell further behind.

However the Italian brand enjoyed a lot of success financially as the company made an overall net profit of 400 million euros. Compare this to 2015, where the net profit amounted to 290 million euros. 

Ferrari shipped 8.014 cars in 2016 and income went up to 3.11 billion euros. Ferrari is celebrating its 70th anniversary this year, and plan to ship about 8,400 cars in 2017. Ferrari president Sergio Marchionne has set the goal of shipping 9,000 cars in 2019.


Fergal Walsh

Replies (3)
GB talktohenry 03 Feb 2017 17:370
Posts: 131
Thats's just over 20k per car net profit, not alot when you take into account the average sale price, even before tax! Think they need to be taken over by Germans to show them efficiency. Italians great for design and beauty, but crap at business!
US mcbhargav 03 Feb 2017 17:580
Posts: 119
and their cars are over priced even for a hyper car. Pretty bad efficiency indeed.
SE calle.itw 03 Feb 2017 22:090
Posts: 1830
Agreed, Ferrari is far too traditional, as was Jaguar and Lotus among others, and they really need to up their game.

        Azerbaijan Grand Prix
Local time
Give your opinion!
Will 2017's new regulations bring more exciting racing?

Track Baku City Circuit
Track Baku City Circuit
Location AZ Baku, Azerbaijan
Website Website
Team profile
Name IT Ferrari
Founding date Jan 1 1929
222,364 comments on Ferrari
180 members have this team as their favourite
Location Maranello
Tweets about Ferrari
Formula 1 Calendar
Previous Grand Prix: 25 June 2017
AZ Azerbaijan Grand Prix Azerbaijan Grand Prix
Next Grand Prix: 9 July 2017
AT Grand Prix of Austria Grand Prix of Austria