Maranello, March 17th 2009 - The Annual General Ferrari Stockholders' Meeting took place today under the chairmanship of Chairman Luca di Montezemolo.
The Meeting approved the 2008 balance sheet and annual report which, as announced over the last few days, revealed record results across all of the main economic indicators. The first and foremost of these was, of course, profitability with the ROS (Return on Sales) rising to 17.6%. Ferrari recorded revenues of 1,921 million euro (+15.2%) in 2008 with its Brand-related activities (licensing, retail and ecommerce) growing particularly strongly (28%). Investments were up to 18% of turnover too.
Bloody hell, people would kill for 18% profit margins on 2 billion sales. A lot of dough!
