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Maserati Spyder – 390 hp, 4200 cc.<br />

In 2001, Maserati launched ambitious marketing programs,<br />

particularly in the North American market, to which it is<br />

returning after a 12-year hiatus (the first cars were scheduled<br />

for delivery at the beginning of 2002).<br />

RESULTS FOR <strong>THE</strong> YEAR<br />

At the consolidated Ferrari/Maserati level, revenues were<br />

about 1,058 million euros, or 18% more than the 893 million<br />

euros reported in 2000. Operating income totaled 62 million<br />

euros (+35% compared with 2000), reflecting strong sales<br />

and favorable foreign exchange rates.<br />

Depreciation and amortization increased to 76 million euros,<br />

up from 64 million euros in 2000. Research and development<br />

outlays were also up, rising from 63 million euros in 2000<br />

to 81 million euros in 2001.<br />

Ferrari’s mission is to consolidate its leadership of the exclusive<br />

elite-car market segment, leveraging the positive image generated<br />

by its successes on the racetrack.<br />

Net income totaled 47 million euros, up sharply from the<br />

7 million euros reported the previous year.<br />

2001 was a year of great achievements for the Sector’s<br />

racing activities. With victories in both the Constructors’<br />

Championship (the third in a row) and the Drivers’ World<br />

Championship (the second in as many years), Ferrari<br />

confirmed its status as a top racing organization and showed<br />

that it continues to improve every year. The unstinting<br />

commitment of a dynamic and close-knit team enabled Ferrari<br />

once more to score important victories in contests where<br />

it competes with some of the world’s best constructors.<br />

Ferrari won nine of the 17 races in the championship series,<br />

earning a total of 179 points (170 in 2000). This success<br />

rewards the great professional commitment of the team’s<br />

members and the effort made by the company to deploy<br />

the most sophisticated technologies.<br />

Production facilities and R&D centers (Italy)<br />

Ferrari Maserati Total<br />

Production facilities 2 1 3<br />

R&D centers 1 1 2<br />

Report on Operations – Ferrari and Maserati<br />

71

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