Lamborghini sells 2,539 units in 'best-ever' Q1

MANILA: After an incredibly successful 2021, in which Automobili Lamborghini achieved its best-ever turnover and profitability, the first quarter of 2022 saw the company's financial results continue to improve. The first three months of 2021 saw a 13.3% increase in turnover to €592 million. Operating profit also increased by 25% from the previous year, from €142 million to €178 million.

In a statement, Automobili Lamborghini Chairman and Chief Executive Officer Stephan Winkelmann said, “The first quarter was the best-ever for all major indicators, both business and financial. This is a result driven by a highly attractive product range, and a strategy that also aims to deliver less supply than demand to keep desirability high, combined with a balanced distribution of sales in the three main regions of the world.”

The improvement in profitability in the first quarter was boosted by good exchange rate trends and increased volumes. Lamborghini sold 2,539 units from January to March, beating the previous record set in the first quarter of 2021.

“The start of 2022 was marked by the ongoing context of uncertainty. In this situation, the results from the first quarter once again demonstrate Lamborghini’s resilience. We will continue working with the conviction that we can maintain our growth throughout the year, compared to the results of 2021,” Automobili Lamborghini Managing Director and Chief Financial Officer Paolo Poma stated.

Lamborghini earned several major awards at the start of this year, including "Top Employer" for the ninth year in a row, acknowledging Lamborghini as one of the best places to work, and the "Green Star Award," recognizing it for the second time as one of Italy's most sustainable companies, thanks to various projects and investments in sustainability since 2009. Between January and March, Lamborghini expanded its sales network by opening additional showrooms and making its first foray into the world of NFTs.

Lamborghini welcomed the second quarter on a positive note, with the Huracan setting a new production record, selling its 20,000th unit. Lamborghini also launched its first new product of the year, the Huracan Tecnica, at the New York Auto Show last April 12. Two Urus models and one Huracan are scheduled to be released in the following months.

Photos from Automobili Lamborghini

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