The Ferrari S.p.A. board met on Friday 21st April, 2006, to approve the 2005 financial year figures and to increase from 11 to 13 the number of members of the Board of Directors, naming two new advisors, Christopher Gent, Chairman of GlaxoSmithKline plc and Paolo Monferino, CEO of Iveco.

The Board of Directors is constituted as follows: Luca Cordero di Montezemolo President and CEO, Piero Ferrari Vice-President, Domenico Bordone, Diego Della Valle, Christopher Gent, Ferruccio Luppi, Sergio Marchionne, Paolo Monferino, Lindsay Owen-Jones, Renato Pagliaro, Marco Piccinini, Sergio Pininfarina and Jean Todt.

The two new members follow the recent appointment of Lindsay Owen-Jones, and strengthen the high profile and international level of the Board of Directors.

The main figures for the financial year are: revenues of €1,289 million, an increase of 9.7% and the trading profit of €157 million, an increase of 13.8% over the previous financial year.

Ferrari has turned to a positive net financial position with a balance of €13 million. A total of 5,409 cars were delivered to their owners, an increase of 8.7%.

Welcoming the new directors to the company, President Luca di Montezemolo was pleased to announce the record-breaking results, the growth in the emerging markets and the positive reaction to the new Ferrari models.

Ferrari Superamerica

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