Lamborghini revenue jumps 20% on high demand for all models

ITALIAN luxury sports car maker Lamborghini posted on Wednesday (Nov 6) nine-months revenue that was up by 20 per cent to 2.43 billion euros (S$3.5 billion), driven by a solid order backlog and high demand for all models.

The firm delivered 8,411 cars in the first nine months of 2024, an 8.6 per cent increase compared to same period last year, when it topped 10,000 deliveries for the first time.

Lamborghini, part of Germany’s Volkswagen group, also posted a 9.8 per cent jump in its operating profit (Ebit) to 678 million euros.

CEO Stephan Winkelmann said the carmaker had been boosted by the introduction of three new models in past 18 months.

“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,” CFO Paolo Poma said in a statement. REUTERS