The financials at Automobili Lamborghini are going from strength to strength, with the positive trend at the start of the year continuing in its results at the end of June 2022. Indeed the supercar manufacturer has just posted its best six months ever, in terms of sales, turnover and profitability. Global deliveries for Q1 and Q2 2022 stood at 5,090 units (+4.9%), while in terms of financial indicators, turnover reached €1.33 billion, which marked an increase of 30.6% over the first six months of 2021. Operating profit was also 69.6% up, going from €251 million to €425 million.
The corresponding operating margin was 31.9% – this was 24.6% in the 2021 period. Lamborghini says the increase in profitability in the first half of the year was driven by an increase in volumes, the company’s product mix (such as the addition of the Urus SUV model), more customisation options, and positive exchange rates.
Stephan Winkelmann, chairman and CEO of Automobili Lamborghini, said of the results: “We have come to the end of an exceptional first half of the year, despite ongoing uncertainty caused by the geopolitical situation. The outlook is equally positive, with orders taken already covering the whole of 2023 production.”
Lamborghini says there has been a balanced spread of deliveries to customers over the three macro-regions in which Lamborghini is represented, with America, Asia Pacific and EMEA (Europe, the Middle East and Africa) accounting for 34%, 25% and 41% of global volumes, respectively. More specifically, the United States is the number one market (1,521 units), followed by Chinese mainland, Hong Kong and Macau (576), Germany (468), the United Kingdom (440) and the Middle East (282).
In terms of model split, the Urus ‘super SUV’ accounts for 61% of sales, while the Huracán and Aventador super sports cars (the latter of which is reaching the end of production) account for 39%. Among the new products this year, Lamborghini reports that “a very warm reception” was given to the Huracán Tecnica, which was unveiled in April: the rear-wheel drive model with a new design and a latest-generation V10 engine, designed for both road and track use. Starting in August, there will be three new product announcements this year: two regarding Urus and one the Huracán.
Stephan Winkelmann with the Huracán Tecnica
Paolo Poma, managing director and CFO of Automobili Lamborghini added, “This is a very challenging time but Lamborghini is facing it successfully thanks to a clear long-term strategy, which is bolstered by the brand’s great appeal. The results from the first half underline the positive trend and strengthen our conviction that we can end 2022 with a significant increase in results compared to the previous year.”
