Ferrari Shareholders’ Meeting reveals 2010 figures

Ferrari’s annual shareholder meeting recently took place in Maranello under the chairmanship of Luca di Montezemolo.

The meeting saw the approval Ferrari’s 2010 balance sheet which revealed some impressive results for the company. The revenue figure posted by Ferrari showed an increase of 7.9 percent for a total of 1.919 million euro, while trading profit also increased 26.9% to a total of 302.7 million euro. A 15.8% Return on Sales also demonstrated improved profitability.

Ferrari’s dividend distribution for the 2010 financial year was also approved to a total of 200 million euro after the company revealed industrial net cash now stands at a record 630.8 million euro.

Also confirmed at the meeting was Mr Montezemolo’s new term as Chairman for a further three years from 2011-2013, along with Piero Ferrari as Vice Chairman and Amedeo Felisa as CEO. The rest of the board of directors will now be made up of Khaldoon Khalifa Al Mubarak, Alfredo Altavilla, Alessandro Gianni Baldi, Diego della Valle, Christopher Gent, Sergio Marchionne, Paolo Monferino, Lindsay Owen-Jones, Marco Piccinini and Sergio Pininfarina.