By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Auto Magazine
  • Home
  • Auto Shows
    Auto ShowsShow More
    Toyota Expands Commitment to Hydrogen Society with Fleet, Infrastructure and Next-Gen System Debut
    April 30, 2025
    Ford is Ready to Tackle the Simola Hillclimb with Over 6 000 Horsepower
    April 30, 2025
    LDV (Maxus as Known in China) Makes a Bold Statement at Shanghai Motor Show
    April 30, 2025
    Upcoming OMODA C3 redefines the crossover with cyber-mecha aesthetics
    April 29, 2025
    Hyundai Motor Unveils the New XCIENT Heavy-Duty Fuel Cell Truck at ACT Expo 2025
    April 29, 2025
  • Bikes
    BikesShow More
    BMW Motorrad presents the new BMW R 1300 RS
    May 2, 2025
    BMW Motorrad presents the new BMW R 1300 RT
    April 30, 2025
    Honda NC750X Named Winner in 2025 Red Dot Design Award
    April 10, 2025
    The Panigale V4 honoured with the prestigious iF Design Award
    March 30, 2025
    BMW Motorrad presents the new BMW R 12 G/S
    March 29, 2025
  • News
    NewsShow More
    Lucid Strengthens Leadership Team as Company Prepares for Growth
    May 8, 2025
    GWM Sells Over 100,000 Vehicles in April, Up 5.55% Year-on-Year
    May 8, 2025
    296 LMGT3s head to Belgium for 2025 6 Hours of Spa
    May 8, 2025
    Toyota Announces April Through March 2025 Financial Results
    May 8, 2025
    Mercedes-Benz 450 SEL 6.9: “The best car” of its time turns 50
    May 8, 2025
  • Concepts
    ConceptsShow More
    Hyundai Motor and Plus Unveil Concept for Autonomous Hydrogen Freight Ecosystem at ACT Expo 202
    May 2, 2025
    Hyundai Motor Unveils the new IONIQ 6 and IONIQ 6 N Line
    April 5, 2025
    Kia and LG Electronics Partner to Showcase New PBV Concepts for Work and Play
    April 4, 2025
    BMW Group reveals revolutionary electric drive concept with 800V technology for the Neue Klasse
    February 24, 2025
    Audi unveils Q6 e-tron offroad concept
    January 28, 2025
  • EVs
    EVsShow More
    Coming soon: the new Volvo XC70
    May 8, 2025
    Isuzu begins production of D-MAX EV pickup truck in Thailand
    May 2, 2025
    Rethinking the way we perceive, design and use electric LCVs with Renault Trafic, Goelette and Estafette
    May 2, 2025
    Volvo reaches milestone with 5,000 electric trucks sold worldwide
    April 29, 2025
    RANGE ROVER ELECTRIC PROTOTYPES EXCEL IN LATEST WINTER TESTING AND DEVELOPMENT CYCLE
    April 25, 2025
  • Motosport
    MotosportShow More
    TGR ready for South African Safari Rally as W2RC resumes
    May 8, 2025
    Vantage GT3 in the hunt for glory at Spa-Francorchamps and Laguna Seca
    May 8, 2025
    All three Aston Martin Valkyries in competitive action as WEC heads to Spa and IMSA takes on Laguna Seca 
    May 8, 2025
    Porsche Formula E drivers tackle Le Mans dress rehearsal in Belgium
    May 7, 2025
    New Mobile Charging Infrastructure for ADAC Opel Electric Rally Cup
    May 7, 2025
  • Trucks & Buses
    Trucks & BusesShow More
    Successful together: representatives of the 12 project partners of the ATLAS-L4 project at the closing event in Penzing with Ernst Stöckl-Pukall, Head of the “Digitalization and Industry 4.0” department at the Federal Ministry of Economics (first row, second from right) and Georg Grüneißl, Head of Product Strategy and Planning at MAN Truck & Bus, representing the project consortium leader (first row, center)
    Goal achieved: the driverless truck on the road becomes reality
    May 8, 2025
    Volvo’s gas-powered trucks on the rise – enabling up to 100% CO2 reduction
    May 5, 2025
    Mercedes-Benz Trucks aims to win a GUINNESS WORLD RECORDS title with eActros 600
    May 2, 2025
    MAN again with rising order intake
    April 29, 2025
    Volvo reaches milestone with 5,000 electric trucks sold worldwide
    April 29, 2025
  • Reviews
    ReviewsShow More
    Sporty meets efficiency: the new Audi A6 plug-in hybrid models
    May 7, 2025
    THE ROLLS-ROYCE PHANTOM AT 100 YEARS
    May 4, 2025
    Introducing the 2026 Lucid Gravity Grand Touring
    April 16, 2025
    TGR to Launch Evolved GR Yaris
    April 14, 2025
    Connected development: the Audi A6 Avant as the perfect travel companion
    April 9, 2025
  • Tech
    TechShow More
    Hyundai Motor Group Delivers Enhanced In-Car Experience Through Equinix Data Centers Globally
    May 8, 2025
    Artificial intelligence as a quality booster
    April 28, 2025
    Kia Introduces AI Voice Assistant to Enhance Connectivity and Driver Experience
    April 16, 2025
    Bentley employs pioneering AI technology in the quest for leather perfection
    April 15, 2025
    Bandai Namco, AirConsole and Volkswagen bring PAC-MAN into the vehicle
    April 15, 2025
Hot News
Lucid Strengthens Leadership Team as Company Prepares for Growth
GWM Sells Over 100,000 Vehicles in April, Up 5.55% Year-on-Year
296 LMGT3s head to Belgium for 2025 6 Hours of Spa
Toyota Announces April Through March 2025 Financial Results
TGR ready for South African Safari Rally as W2RC resumes
46 BRANCH Ross (BWA), Hero Motorsports Team Rally, Hero 450 Rally, FIM W2RC, action during the Stage 3 of the 2024 Abu Dhabi Desert Challenge, on February 29, 2024 in Mzeer’ah, United Arab Emirates © A.S.O/DPPI/B.Roux
Motosport

ADDC 2024 I STAGE 3 : QUINTERO HEAVEN-SENT, MARE HELL-BENT

Electric Vehicles

Volkswagen Group Technology: Bundling competencies to become a technology leader in e-mobility

Latest News

APAC Premiere of Lamborghini Revuelto at the Auto Shanghai 2023

Electric Vehicles

The Toyota Mirai Streamlines for MY2025

Font ResizerAa
The Auto MagazineThe Auto Magazine
  • Home
  • Auto Shows
  • Bikes
  • News
  • Concepts
  • EVs
  • Motosport
  • Trucks & Buses
  • Reviews
  • Tech
Search
  • Home
  • Auto Shows
  • Bikes
  • News
  • Concepts
  • EVs
  • Motosport
  • Trucks & Buses
  • Reviews
  • Tech
Follow US
Crafted by Intellegere Media. © 2024 The Auto Magazine. All rights reserved.
Latest News

Lamborghini closes 2023 by setting unprecedented records

Itumeleng Garebatshabe
Last updated: March 21, 2024 17:22
By Itumeleng Garebatshabe
436 Views
4 Min Read
Share
4 Min Read
SHARE
  • More than 10,000 cars delivered to customers for the first time
  • Record-breaking 27.2% operating margin
  • Revenues of Euro 2.66 billion
  • Operating result exceeding the 700 million euro mark for the first time

The year 2023 was the best ever for Automobili Lamborghini, which posted financial results confirming the continuous growth of the company in Sant’Agata Bolognese, Italy. After passing the peak of 10,000 cars delivered for the first time last year (10,112 to be precise), Lamborghini set other record-breaking figures in the reporting period, including revenues of Euro 2.66 billion, 12.1% more than 2022.

Stephan Winkelmann, Chairman and CEO of Automobili Lamborghini, remarked: “Automobili Lamborghini continues to break, consistently and in various areas, one record after another. This means that our choices and vision were correct and contributed to the company’s organic growth. The 723 million operating result together with the 27.2% operating margin are clear signs that the strategy adopted is sound. This allows us to look to the future and plan for the coming years with new and challenging goals: a future that as early as 2024 will see important innovations, including the presentation of the new Urus PHEV and the Huracán follower, and new challenges such as Automobili Lamborghini’s debut in the endurance championship with our SC63. These are also challenges that symbolize our company’s constant commitment to growth and achieving new milestones.”

- Advertisement -
Ad image

The operating margin has grown constantly since 2017 and reached a record 27.2% last year, allowing Automobili Lamborghini to establish itself again as best in class and strengthen its position as one of the global players in luxury durable goods. This turns into an operating result that, for the first time, passes the Euro 700 million threshold at Euro 723 million, 17.8% higher than 2022.

Paolo Poma, the Managing Director and CFO of Automobili Lamborghini, stated: “In 2023 we again recorded unprecedented financial and business performance that positions us as one of the key global luxury players, with profitability of 27.2%. Together with a solid order-bank, this allows us to look to the future optimistically and to plan the next steps of our growth over the long term. Our objective with the Direzione Cor Tauri strategy is to increase profitability by following a sustainable path both in environmental and financial terms, in order to create value for all of our stakeholders.”

The results of 2023 are even more significant when compared with previous years, given the absence of the Revuelto’s contribution: with deliveries commencing in 2024, the order bank covers production for more than two years, providing a strong foundation for Automobili Lamborghini’s continual growth. In addition, orders cover the period up to the end of production for Huracán and Urus which, in 2024, will be replaced by the new hybrid powertrains. This year also marks the historic debut of Automobili Lamborghini in the most important endurance championships worldwide with the company’s brand-new hybrid racing car, the SC63.

The year 2023 marked another triumph for Automobili Lamborghini, with outstanding financial results and constant growth that confirmed the company’s strength in its 60th year of business. With eyes focused on 2024, which will be a year of important changes and innovations for the company, its constant commitment to investing in growth confirms the determination of the Sant’Agata Bolognese-based carmaker to remain an icon of excellence on the luxury automotive scene.

TAGGED:Automobili Lamborghinifinancial results

Sign Up For Daily Newsletter

Stay Updated! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp LinkedIn VKontakte Telegram Email Copy Link Print
Share
ByItumeleng Garebatshabe
Editor
Follow:
Itumeleng is the Managing Editor of The Auto Magazine. He is a tech and car enthusiast

Follow US

FacebookLike
XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow
TelegramFollow
Google NewsFollow
LinkedInFollow
- Advertisement -
Ad imageAd image

You Might Also Like

Latest News

Lamborghini Esperienza Giro Oceania 2024

By Itumeleng Garebatshabe
April 17, 2024
Latest News

Automobili Lamborghini continues growth in Q1 2025

By Itumeleng Garebatshabe
May 7, 2025
Latest News

Honda Releases Consolidated Financial Results

By Itumeleng Garebatshabe
May 11, 2023
Latest News

Lamborghini Revuelto Japan Premiere

By Itumeleng Garebatshabe
June 12, 2023
Latest News

Automobili Lamborghini closes Q3 2023 with an operating result exceeding the fiscal year 2022

By Itumeleng Garebatshabe
October 30, 2023
Latest News

Toyota Announces April Through December 2024 Financial Results

By Itumeleng Garebatshabe
February 6, 2025

The Auto Magazine

  • Advertise
  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
  • Bikes
  • Electric Vehicles
  • Trucks & Buses
  • Auto Shows
  • Latest News
  • Motosport

Made by Intellegere Media. All rights reserved. 2023

Don't not sell my personal information
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc.

Zero spam, Unsubscribe at any time.
adbanner