Ferrari’s 599 GTB has been with us since 2006, in which time it’s become one of the most loved of V12 Ferraris. So, Ferrari must have had its work cut out coming up with its successor.

Confirmed at this morning’s Board Meeting in Maranello, Chairman Luca di Montezemolo said, “Ferrari’s range will be joined in a few days time at the Geneva Show by a new 12-cylinder. A revolutionary new car that delivers extreme performance and unprecedented power output.”

Something so radical that Ferrari describe it as marking “A new era of extreme V12 sports cars.”

The F620 is expected to reach these shores during the latter part of 2012, and as implied by its name will be powered by a 6.2-litre V12 engine with an output rumoured to eclipse the 700 bhp offered by Lamborghini’s Aventador.

Despite similarities with the FF, the F620 is expected to retain the 599’s front-mid-engine, rear-wheel drive configuration, most likely matched to a seven-speed dual-clutch paddleshift gearbox as used in the 458 Italia.

For the time being that’s all we know, but we’ll have more details about the new F620 on 29th February.