Automobili Lamborghini increases profitability and establishes position amongst the most profitable car brands
– 5,7% increase in deliveries around the world
– 9,6% turnover growth
– Profit before tax reaches 35 Million Euro (+32,5%)
Automobili Lamborghini S.p.A. has once again attained record financial results, for the first six months of the financial year 2008 (which ends 31/12/2008). All major indicators such as deliveries, turnover and profit before tax have clearly risen again. The company has reconfirmed its position amongst the ‘most profitable automobile brands’ in the world.
In the first six months of 2008, the tradition-rich automaker located in Sant’Agata Bolognese, Italy, has delivered 1309 cars, which represents a growth of 5,7% compared to the same period of 2007 (1238 cars).
The company also set new records in turnover and pre-tax profit.
Turnover rose by 9,6% from € 253.1 to € 277,4 million.
The pre-tax profit increased more substantially than all other key figures. Pre-tax profit has risen by 32,5% to € 35 million (€ 26,4 million for the same period in 2007).
Growth and profitability were driven by three main, mutually-enforcing factors. With a long history of legendary models, the company today has the latest and most attractive model line-up ever. The global introduction of another new model in spring this year, the Lamborghini Gallardo LP560-4, has resulted in a highly favourable market reaction and further added to the product portfolio’s appeal. Alongside product development, the company places persistent emphasis on expanding and moving upmarket its dealership network. At the same time, key brand indicators continue to rise, including general awareness of the marque, its appeal, and the value of the Lamborghini brand with customers and in the public.
The President and CEO of Automobili Lamborghini, Stephan Winkelmann, commented, “Only three years after the turnaround of the company and after several consecutive record years, we are in a good position to achieve another record year. At the same time, we are proud of having established our luxury car brand within the elite group of highly profitable car manufacturers. But we have not finished our job, and remain relentlessly committed to growing both profitability and our international brand presence.”
To further reinforce Automobili Lamborghini’s global and profitable growth, the world-wide dealer network will see on-going expansion. With eight new dealerships opened in the first half of 2008, Lamborghini dealers number 114 today, compared to 65 in 2004.
The demand in 2008 for the Murciélago and Gallardo model variants remains strong, with additional demand created by the new Gallardo LP560-4, altogether resulting in record figures for the first half of FY 2008.