Lamborghini turnover exceeds 2 billion euros in first nine months of 2023

Automobili Lamborghini's first nine months of 2023 closed with excellent numbers, breaking records in terms of sales, turnover and profitability and setting historic milestones for the company. For the first time in the history of Lamborghini, turnover exceeded the 2 billion euros mark after nine months, a 5.2% year-on-year increase compared to the previous year. At the same time the operating result amounted to 618 million euros, exceeding the level of the fiscal year 2022.

Stephan Winkelmann, chairman and CEO of Automobili Lamborghini, said: "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. The Direzione Cor Tauri programme will continue in the coming months with an important step, represented by the first deliveries to customers of Revuelto, the first plug-in hybrid in our history.”

Paolo Poma, Managing Director and CFO of Automobili Lamborghini, added: "Exceeding the operating result for the fiscal year 2022 by September, while simultaneously improving profitability, testifies to Automobili Lamborghini's further growth potential. The expectations for the last quarter propel the company towards the best financial year ever and further strengthen our positioning in the luxury segment.”

USA remains the largest market

The company sold a total of 7,744 cars, which is a 4.2% YoY. The sales numbers refer almost exclusively to the two internal combustion-engined models Urus and Huracan, sold out until the end of production expected in the second half of 2024, after which the range will be fully hybridized.

In terms of deliveries in the macro-areas, the three regions EMEA, America and Asia Pacific distributed 3,117, 2,728 and 1,899 cars respectively. In terms of individual markets, the United States remains in first place (2,342 cars delivered), followed by Germany (709 units), the United Kingdom (688), the Chinese mainland, Hong Kong and Macau (643), Japan (434), Middle East (370) and Italy (336).

Lamborghini's growth and acceleration in these first nine months also translates into the number of new dealers opened worldwide. In the third quarter, four new dealerships were inaugurated: Sapporo, Lugano, Verona and Budapest, expanding the company's global reach to 182 dealers in 54 markets.

Lamborghini states that it is confident of positive results in terms of numbers in the last quarter of 2023.