Volkswagen Group (XETRA:VOW)-owned prestigious sports car manufacturer Lamborghini has just posted a record first-half for sales, turnover and profitability, showing that global inflation and cost-of-living woes have failed to dent the luxury automobile market.
Revenues drifted upwards of €1.4bn (£1.2bn), marking a 6.7% year-on-year increase, with operating income rising 7.2% to €456mln.
Operating margins came to 32.1%.
Lamborghini’s record six months was thanks to exceptional orders for the Urus sports utility vehicle and the US$200,000-plus Huracán family of cars.
The US was Lamborghini’s biggest market by far, with 1,625 cars delivered, followed by 514 cars in the UK, 511 in Germany, 450 across the Hong Kong, Macau and the Chinese mainland, 280 in Japan, and 270 in Italy.
Paolo Poma, managing director and chief finance officer of Automobili Lamborghini, commented: “We are proud to once again confirm Lamborghini’s growth path.
“The positive trend reinforces our expectation that we will close the year with further record results in all the key financial metrics, with profitability that confirms Lamborghini’s place among the leading brands in the luxury segment.”
The Sant'Agata Bolognese-headquartered group now expects to sell 10,000 vehicles by the end of the year, following 9,200 sales in 2022.
Helping to realise this goal will be the recently released Lamborghini Revuelto, the world’s first 12-cylinder hybrid super sports car.
Unveiled in March this year, the US$500,000 (£389,000) hybrid already has a two-year production backlog.