Ferrari might have struggled on the Formula 1 tracks in 2005, but its production car business continues to thrive - it increased its profit by almost 14 per cent.
The Italian sportscar firm announced an increase in revenues from 1.175 million Euros in 2004 to 1.289 million Euros. It attributes this increase to the success of the F430 and 612 Scaglietti models. Profits increased by 13.8 per cent, to 157 million Euros (£108 million), despite the fact that almost one third of Ferrari's revenue comes in dollars and is therefore more vulnerable to currency exchange rates.
Ferrari delivered 5409 cars last year, an increase of 8.7 per cent over 2004. It saw the greatest increases in sales in developing markets like the Middle East (up 41.5 per cent) and South America (up 35.5 per cent). It also delivered 96 cars to China.