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Lamborghini revenue jumps 20% on high demand for all models

Published 11/06/2024, 10:30 AM
Updated 11/06/2024, 10:40 AM
© Reuters. FILE PHOTO: The Lamborghini Urus SE, a hybrid SUV car is presented during its launch in New Delhi, India, August 9, 2024. REUTERS/Priyanshu Singh/File Photo
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(Reuters) - Italian luxury sports car maker Lamborghini posted on Wednesday nine-months revenue that was up by 20% to 2.43 billion euros ($2.60 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% increase compared to same period last year, when it topped 10,000 deliveries for the first time.

Lamborghini, part of Germany's Volkswagen (ETR:VOWG_p) group, also posted a 9.8% jump in its operating profit (EBIT) to 678 million euros.

© Reuters. FILE PHOTO: The Lamborghini Urus SE, a hybrid SUV car is presented during its launch in New Delhi, India, August 9, 2024. REUTERS/Priyanshu Singh/File Photo

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. ($1 = 0.9342 euros)

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