Lamborghini turnover catapults to over 1,60,51,35,340 USD, marking a whopping 40% growth!
Automobili Lamborghini S.p.A. records sky high business key figures in Fiscal Year 2018. Sales, turnover and profitability have all rocketed to figures not achieved ever before.
It’s been a great run for the brand ahead, after it crossed the one billion threshold for the first time in 2017, with the turnover finally growing to 1,60,51,35,340 USD in 2018 marking a quintessential 40% hike. Deliveries across the globe have increased by 51%. The EMEA, America, and Asia Pacific have all brought in significant sales figures.
The sudden jolt in sales owes a fair share to the new super SUV– Lamborghini Urus, the deliveries of which had only started in mid 2018s. The sales of the Aventador V12 and the V10 Huracan had also gone up a fair bit, during the period.
Stefano Domenicali, Chairman and Chief Executive Officer of Automobili Lamborghini comments: “In Fiscal Year 2018 Lamborghini has set new historic highs with all key business figures. At the same time, we entered into substantially new dimensions. For the first time in history Lamborghini surpassed the magic mark of 5,000 cars delivered to customers. Financial performance showed further increase to a record high. This quantum leap proves the sustainability of our product and commercial strategy. All this is a real team achievement and I would like to thank Lamborghini staff globally for their inspired dedication to our longstanding brand and traditions, and our shareholders for their trust and support. At the same time we are preparing to master further growth and new challenges in innovation and technology in order to reach new milestones in the future.”
There have been major hikes in the number of staff hired, with more than 1750 employees onboard worldwide by the end of 2018.
Lamborghini expects the continuation of present development in the current fiscal year, and also confirms a confident mid-term outlook for sustained solid growth and ongoing strategic investments into innovation and new technologies.