Lamborghini reported record reuslts in the first nine months of 2024

Italian luxury sports car maker Lamborghini reported record reuslts in the first nine months of 2024.

Lamborghini, headquartered in Pieve di Cento, is owned by Volkswagen Group through its Audi subsidiary. The company is well-known for its high-performance Revuelto, Huracán, and Urus vehicles.

Revenue and operating profit both up year-over-year in the first nine months of the year.

Sales in the first nine months of 2024 rose to €2.434 million, up of 20.1% compared to the same period last year, while operating profit rose by 9.8% year-over-year, to €678 million.

Robust demand drove sales, with deliveries up.

The better-than-expected performance was driven by strong demand for all its models. Lamborghini delivered 8,411 vehicles in the period, up 8.1%.

Lamborghini remaind committed to hybridizing its cars.

“The extremely positive performance we are seeing is the result of an unprecedented chapter for Automobili Lamborghini, marked by the introduction of three new cars in just 18 months and culminating in the significant milestone of fully hybridizing our range with the presentation of the Lamborghini Temerario,” said Stephan Winkelmann, Chairman and CEO of Automobili Lamborghini.

Winkelmann said it’s a crucial moment for the  company.

Results solidify its position in the luxury car market.

Paolo Poma, Managing Director and CFO of Automobili Lamborghini, commented:

“The year’s first nine months’ results demonstrate the exceptional execution of our strategy. We have solidified an excellent level of profitability notwithstanding the challenging commercial environment. Our third-quarter results further boost expectations of another record year, once again confirming our position among the most profitable brands in the luxury segment.”