Connect with us

Hi, what are you looking for?

News

Lamborghini on course for best-ever year

PHOTO FROM AUTOMOBILI LAMBORGHINI

THREE QUARTERS in, the numbers suggest that Automobili Lamborghini is growing at a record rate. “With its best nine months ever behind it, the Sant’Agata company bid farewell to the “pure” V12 combustion engine in anticipation of the landmark transformation phase due to start next year with the hybridization of the entire range by 2024,” the firm said in a release.

The Italian supercar maker’s deliveries from January to the end of September tallied 7,430 units (+8% versus the same period in 2021), with all three of the macro regions, Americas, Asia Pacific and EMEA (Europe, Middle East, Africa) growing proportionately.

Lamborghini said that the reference market continues to be the USA (+8%), followed by mainland China, Hong Kong, and Macau (+5%); Germany (+16%); the UK (+20%); and Japan (+26%). Turnover for the first nine months reached €1.93 billion, up 30.1% compared with the same period in 2021. Operating profit also showed an increase of 68.5%, standing at €570 million. The corresponding return on sales (RoS) reached 29.6% after 22.8% in the previous year. The increase in profitability was driven by a rise in volumes; by the growth in average revenue per car; and a favorable trend in exchange rates.

Declared Automobili Lamborghini Chairman and CEO Stephan Winkelmann, “These consistently rising figures show just how strong Lamborghini is today. We have an order portfolio that already covers the first quarter of 2024, and this allows us to work with peace of mind, looking thoughtfully ahead to the challenges facing us in the future, such as the first step towards hybridization from 2023.”

Added company CFO Paolo Poma, “The current situation continues to be marked by the instability of macroeconomic variables, while the company is showing its resilience through the growth of all the main business and financial metrics. We expect to close the financial year better than ever.”

The Huracán showed the most growth with 2,378 units delivered globally and an 11% increase compared with the same period last year. In absolute terms, on the other hand, there was a true sales record for the Urus, with 4,834 units delivered between January and September (+7%), the highest number of super SUVs delivered in the first nine months since its debut in 2018.

Meanwhile, the V12 Aventador came to the end of its production cycle. September saw Lamborghini bid farewell to the last Aventador, which left the production line amid the emotions of those who, since 2011, have worked on and been a part of the success of one of the most iconic models in the history of Lamborghini.

There have been many new initiatives in 2022 in honor of the last year celebrating the internal combustion engine: from the debut of the Huracán Tecnica, to the recent presentation of the Urus restyling with the Urus S version and the high-performance derivative, the Urus Performante, which set an SUV record at the famous and challenging Pikes Peak.

A final farewell to the pure combustion engine will be made at the end of the year at Art Basel in Miami with an all-terrain version of the Huracán, a model once again destined to impress and create a new segment in the super sports car world.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

REUTERS/ELOISA LOPEZ LOCAL SHARES are expected to move within a limited range this week as investors await the release of November consumer price index...

News

CRECENCIO I. CRUZ THE PESO may continue to strengthen against the dollar this week ahead of the release of November inflation data that could...

News

JULIAN ALVAREZ OF ARGENTINA — REUTERS AL RAYYAN, Qatar — Lionel Messi scored his first goal in a World Cup knockout round in his...

News

BETTINA Binaohan, Charmine Torres and Lee Sario backstopped Tchuido for the Lady Archers, who gained a separation at 61-52 midway through the fourth. —...

News

MARIE Antoinette San Diego — FIDE MARIE Antoinette San Diego has been dreaming of becoming national champion since childhood. The search for the 23-year-old...

News

LONDON — Britain’s Tyson Fury roared out a challenge to rival heavyweight world champion Oleksandr Usyk of Ukraine after retaining his WBC title with...

You May Also Like

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.