Dubai
Saturday, July 2, 2022
  • Prayer time
  • Expo 2020
  • Things To Do
  • Auto
  • Property
  • Sports
  • Transport
  • Economy
  • Education
  • Government
  • Fashion
  • Tech
  • More
    • World
    • Crime
    • Weather
No Result
View All Result
Morning News
Home Auto

Lamborghini logs in best year ever for sales, turnover, and profitability

24/03/2022
Reading Time: 3 mins read
97
VIEWS
Share on FacebookShare on Twitter

.

RELATED POSTS

Amana hands over Al-Futtaim Auto Park in Al Ain

Russia-Ukraine crisis could further escalate auto prices and shortages

Automobili Lamborghini concluded the financial year 2021 with its best ever results in terms of sales, turnover, and profitability.

Turnover reached an all-time high of €1.95 billion, a 19 per cent increase over 2020. Efficient management, supported by the launch of new models, drove operating profit to a level never previously seen.

The operating margin more than doubled compared to 2018 and reached 20.2 per cent, a profitability level in line with the luxury industry. This performance translates into an operating income of €393 million, up by 49 per cent compared to the €264 million recorded in 2020. As part of an ambitious strategic plan to include the highest investment in the company’s history – €1.8 billion over the next five years, entirely self-financed – Lamborghini has its eyes on an even more challenging financial goal for the upcoming years: to push up its profitability to between 22 per cent and 25 per cent.

“Lamborghini has delivered excellent commercial and financial results, the best in its history, which give the company the necessary solidity to navigate a new period of uncertainty like the present one,” said Stephan Winkelmann, chairman and CEO of Automobili Lamborghini.

The company also announced that 2021 was also the best year ever on a commercial level, with 8,405 cars delivered globally – up 13 per cent compared to 2020. Overall, the three macro-regions where Lamborghini can be found grew by double digits: America up 14 per cent, Asia Pacific up 14 per cent, and Europe, Middle East, and Africa up 12 per cent, in which 34 per cent, 27 per cent, and 39 per cent of global volumes, respectively, are evenly divided.

Alongside these positive results, the company wanted to give a concrete sign of support to the Ukrainian population affected by the latest events. Lamborghini arranged for a donation of €500,000 to UNHCR – the United Nations refugee agency – which has been working in Ukraine since 2014. The gesture of solidarity was accompanied by the decision to suspend business in Russia.

“We are deeply saddened by what is happening in Ukraine and hope for a swift end to the hostilities in the name of democratic values,” said Winkelmann.

Paolo Poma, MD and CFO of Automobili Lamborghini, added: “In recent years we have demonstrated that we have the potential and the ability to work towards excellent financial results, even when facing an exogenous variable of enormous impact such as the pandemic. The current geopolitical situation requires constant monitoring of the impact on the global economy, but we will take all necessary measures to safeguard our strategy, based on development of the next generation of products and supported by a major investment plan that will guide our growth path, further improving our financial performance, the value of our brand and our company.”

In terms of models, there was success for the Urus Super SUV with 5,021 units delivered; followed by the V10-powered Huracán, which saw a huge increase in sales to 2,586 units generated by the strong impetus provided by the Huracán STO. In addition, 798 Aventadors (V12 model) were delivered across the world.

In the coming months, Lamborghini will unveil innovations for the Huracán and Urus, two for each model, to then conclude the age of internal combustion engines and move on to hybridisation, commencing with the arrival of the model replacing the Aventador in 2023.

Reaching the end of 2021, Lamborghini announced its ambitious Direzione Cor Tauri strategy, named after the brightest star in the constellation of Taurus. It will be a two-phase path to an electric future while remaining true to the brand’s DNA.

In the first phase, the transition to hybrid, the company will introduce its first model with hybrid technology in 2023 before going on to complete the hybridisation of the entire range by 2024 and achieve a 50 per cent cut in CO2 emissions. The last phase, complete electrification, will start in the second half of the decade, with the introduction of a fourth model, that will be fully electric, to sit alongside the hybrid line-up.

[email protected]

Source

ShareTweet

Related Posts

Amana hands over Al-Futtaim Auto Park in Al Ain

Amana hands over Al-Futtaim Auto Park in Al Ain

12/04/2022
100

. Amana has completed building the 14,000sqm Al-Futtaim Auto Park in Al Ain, which includes the installation of a solar photovoltaic (PV) system that is expected to generate 800MWh of energy. The...

Russia-Ukraine crisis could further escalate auto prices and shortages

Russia-Ukraine crisis could further escalate auto prices and shortages

03/04/2022
96

. BMW has halted production at two German factories. Mercedes is slowing work at its assembly plants. Volkswagen, warning of production stoppages, is looking for alternative sources for parts. For more than...

Dubai welcomes first ever electric vehicle manufacturing facility

Dubai welcomes first ever electric vehicle manufacturing facility

29/03/2022
105

. Dubai on Monday welcomed the UAE’s first ever electric vehicle manufacturing facility that is expected to produce 55,000 cars per year to meet the rising demand for green mobility and reducing...

Lamborghini Urus joins Dubai Police supercar fleet

Lamborghini Urus joins Dubai Police supercar fleet

26/03/2022
100

. The Lamborghini Urus has officially joined the internationally acclaimed Dubai Police fleet of supercars, dressed in full livery complete with flashing light. Powered by a 4.0-litre twin-turbo V8 engine producing 650...

Emirates Motor Company opens UAE’s first-of-its-kind Mercedes-Benz Boutique showroom

Emirates Motor Company opens UAE’s first-of-its-kind Mercedes-Benz Boutique showroom

24/03/2022
97

. Emirates Motor Company, the authorised general distributor for Mercedes-Benz in the emirate of Abu Dhabi, opened the first-of-its-kind Mercedes-Benz Boutique showroom in Yas Mall in Abu Dhabi. The new, 360 square-metre...

RECOMMENDED

13 huge world sporting events coming to Abu Dhabi in the next year

13 huge world sporting events coming to Abu Dhabi in the next year

01/07/2022
98
12 Sunday brunches to check out in Dubai this weekend

12 Sunday brunches to check out in Dubai this weekend

01/07/2022
100
There’s an exciting new show at The Theater this Eid – What’s On

There’s an exciting new show at The Theater this Eid – What’s On

01/07/2022
96
5 of the coolest beauty salons in Dubai right now – What’s On

5 of the coolest beauty salons in Dubai right now – What’s On

01/07/2022
97

MOST VIEWED

  • Ronaldinho, Figo and Kaka among star names at Omega Pro Legends Cup in Dubai – in pictures

    Ronaldinho, Figo and Kaka among star names at Omega Pro Legends Cup in Dubai – in pictures

    0 shares
    Share 0 Tweet 0
  • 22 unmissable things to do in the UAE in 2022 – What’s On

    0 shares
    Share 0 Tweet 0
  • Dubai’s best restaurants 2022

    0 shares
    Share 0 Tweet 0
  • How to sew handmade shoes for the first persons and heads of state

    0 shares
    Share 0 Tweet 0
  • Mohamed Salah’s daughters star on the pitch at Anfield – in pictures

    0 shares
    Share 0 Tweet 0
  • TheKIEV.city
[email protected]
2022 © "TheDUBAI" Media Group.
All Rights Reserved
No Result
View All Result
  • Prayer time
  • Expo 2020
  • Things To Do
  • Auto
  • Property
  • Sports
  • Transport
  • Economy
  • Education
  • Government
  • Fashion
  • Tech
  • More
    • World
    • Crime
    • Weather

Copyright © 2022. "TheDUBAI" Media Group. All Rights Reserved