Ferrari licensing income

[:en]Ferrari published its financial data. In 2012 the whole company generated a turnover of 2.43 billion euro and net income of 244 million euro. Licensing revenues in 2013 were 92.5 million euro with a net profit of 50.8 million euro. One of the most successful licensing businesses generates roughly a fourth of the company overall profits.

At the same time Fiat, owner of Ferrari, announced to move the licensing business into a low tax country again. The business has been conducted out of Switzerland, before it was moved to Italy.[:]