In the fast-paced world of luxury sports car manufacturing, Automobili Lamborghini continues to dominate with its remarkable performance.
The first nine months of 2023 have witnessed historic milestones for the company, breaking records in terms of sales, turnover, and profitability. This article delves into the impressive achievements of Automobili Lamborghini, shedding light on its growth, strategies, and future plans.
Breaking Records in Turnover
For the first time in Lamborghini’s illustrious history, the company achieved a turnover exceeding €2 billion after just nine months in 2023. This achievement represents a remarkable +5.2% increase compared to the previous year. Such a financial milestone underscores the brand’s enduring appeal and its ability to adapt to changing market dynamics.
The operating result for the first nine months of 2023 amounted to a staggering €618 million, surpassing the fiscal year 2022 level. This exceptional performance speaks volumes about Automobili Lamborghini’s financial resilience and its commitment to strategic growth.
Stephan Winkelmann, Chairman and CEO of Automobili Lamborghini, expressed his satisfaction with these results, stating, “Our growth path continues, which translates once again into new records for the company and testifies to the farsightedness of our decisions and our ability to adapt to contexts.”
Strategic Vision for the Future
Winkelmann also hinted at the company’s forward-thinking approach, mentioning the “Direzione Cor Tauri” programme, which is set to continue in the coming months. An exciting development on the horizon is the launch of “Revuelto,” Lamborghini’s first plug-in hybrid vehicle. This move aligns with Lamborghini’s commitment to environmental sustainability while maintaining its legacy of high-performance vehicles.
Paolo Poma, Managing Director and CFO of Automobili Lamborghini, shared his insights, stating, “The results of the first nine months of the year confirm the excellent work we are carrying out in executing our strategy. Exceeding the operating result for the fiscal year 2022 by September, while simultaneously improving profitability, testifies to Automobili Lamborghini’s further growth potential.”
In terms of deliveries, Automobili Lamborghini achieved an impressive feat, with 7,744 cars sold, marking a +4.2% increase compared to the previous year. It’s noteworthy that these sales primarily feature the two internal combustion-engined models, Urus and Huracan, which are expected to be sold out by the second half of 2024, paving the way for a fully hybridized range.
Automobili Lamborghini’s global reach is on full display, with significant deliveries across macro-areas. In the regions of EMEA, America, and Asia Pacific, the company distributed 3,117, 2,728, and 1,899 cars, respectively. In individual markets, the United States leads the way with 2,342 cars delivered, followed by Germany (709 units), the United Kingdom (688), China (643), Japan (434), the Middle East (370), and Italy (336).
A Glimpse into the Future: The Lanzador Concept
The third quarter of 2023 unveiled exciting innovations as Lamborghini showcased the Lanzador concept car during the Monterey Car Week. This visionary concept offers a sneak peek into Lamborghini’s upcoming fully electric model, set to debut in 2028. This electric leap aligns with the company’s commitment to environmental sustainability, as outlined in the “Direzione Cor Tauri” strategy.
In recognition of its dedication to environmental issues, Automobili Lamborghini was named among the 2023/2024 Sustainability Champions in September. This prestigious accolade, bestowed by the ITQF (German Institute for Quality and Finance), celebrates companies that are at the forefront of environmental protection. Lamborghini’s inclusion in this exclusive list reaffirms its commitment to a greener future.
Expanding Global Presence
Lamborghini’s growth story in the first nine months of 2023 is not limited to its financial achievements but also extends to its global presence. During the third quarter, the company inaugurated four new dealerships in Sapporo, Lugano, Verona, and Budapest. These additions bolster Lamborghini’s worldwide network, which now comprises 182 dealers across 54 markets.
Automobili Lamborghini anticipates continued positive results in the last quarter of 2023, with high expectations for achieving its goals. This steadfast commitment to excellence and innovation positions Lamborghini as a leader in the luxury sports car industry.
In conclusion, Automobili Lamborghini’s outstanding performance in the first nine months of 2023 is a testament to its unwavering dedication to excellence, innovation, and environmental sustainability. With records broken, milestones achieved, and a bold vision for the future, Lamborghini continues to set the bar high in the world of luxury sports car manufacturing.