Marking a strong start to the year which celebrates the company’s 60th year anniversary, Automobili Lamborghini has recorded its best quarterly performance in Q1 2023. In the first quarter alone, the company sold a total of 2,623 cars, up 84 units from 2022. Its best-selling model is undoubtedly the Lamborghini Urus which makes up for 61% of its Q1 sales figures with 1,599 units sold.
After the Lamborghini Urus, the next best-selling Lamborghini would be the Huracan, which has been sold out till the end of production. Following behind the Huracan is the Lamborghini Aventador which has ceased production in 2022. The company has also recorded positive response for the Revuelto, which is its first plug-in hybrid car.
Automobili Lamborghini Chairman and CEO, Stephan Winkelmann said, “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. These include the start of the second stage of the “Direzione Cor Tauri” program, the most important investment plan in the company’s history, which will help Lamborghini to grow and develop even further.”
The first quarter of 2023 closed with the best performance ever in terms of revenue and profitability. Turnover reached €728 million, up 22.8% compared with the same period of 2022. Operating income also showed a record result, going from €178 to 260 million in the first three months of the year and a corresponding profitability of 35.7%. Very strong numbers that add up to an order bank that, almost entirely, covers the production of 2024.
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Automobili Lamborghini Managing Director and CFO, Paolo Poma said, “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 strength of our order portfolio, together with excellent market feedback following the presentation of the Revuelto, provide a solid foundation on which we continue to build our growth.”
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