Automobili Lamborghini sold a record out 2,623 cars in the first quarter (Q1) driven by ₦350 Million Urus SUV.
Turnover reached €728 million (+22.8%) while operating income rose from €178 million to a record €260 million.
Strong start in 2023 coincides with its 60th anniversary celebration which has included the presentation of the Revuelto.
Automobili Lamborghini has posted a record-breaking financial results for the first quarter of 2023, with turnover reaching €728 million (+22.8%) while operating income rose from €178m to a record €260 million (+46.1%) and a corresponding profitability of 35.7%.
In the first three months of 2023, the Italian sports car brand said it delivered a record 2,623 cars (+3.3%) around the world, which is 84 more than the 2,539 cars sold in the first quarter of 2022.
Paolo Poma, Managing Director and CFO of Automobili Lamborghini, commented :
“The first quarter of 2023 closed with record results. The figures are a confirmation of the path taken in recent years, which has led Lamborghini to become a benchmark in the luxury market.”
The increase in shipments during the first quarter 2023 was driven by the Urus SuperSUV, which continued to be Lamborghini’s bestselling model with 1,599 units. This is followed by the Huracán, which is sold out till the end of production and the discontinued Aventador.
The strong start in 2023 coincides with the brand’s 60th anniversary celebration which has so far included the presentation of the Lamborghini Revuelto, the first plug-in hybrid in the history of the Sant’Agata Bolognese company.
Stephan Winkelmann, the Chairman and CEO of Automobili Lamborghini, adds :
“2023 will go down in Lamborghini as a landmark period in our history, and starting off our anniversary year with these figures can only make us proud. These results will allow us to tackle the upcoming challenges with increased enthusiasm.”