Chrysler 2002 Annual Report Download - page 55

Download and view the complete annual report

Please find page 55 of the 2002 Chrysler annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 63

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63

Results for the year
At the consolidated Ferrari/Maserati level,
revenues were about 1,208 million euros,
whereas in 2001 they had been 1,058 (+14,2%).
Operating income totaled 70 million euros, up
from the 62 million euros of 2001 both thanks
to the growth in Maserati’s volumes and to the
better price positioning of Ferrari models.
Capital spending amounted to 176 million euros
(125 million euros in 2001) and research and
development outlays totaled 94 million euros
(81 million euros the previous year), confirming
the brands’ commitment to product and process
development and innovation.
Net income totaled 22 million euros (down
from 47 in 2001) after discounting for greater
net non-operating expenses amounting to
about 26 million euros (they had been equal
to zero in 2001).
53 Report on Operations Ferrari and Maserati