Lamborghini Reports a Stronger Financial Performance in Q1 2024
Following a landmark year in 2023 with delivery and profit records, Automobili Lamborghini has wrapped up the first quarter of 2024 with exceptional financial results.
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The company posted a turnover of €691 million and an operating profit of €187 million, yielding a profitability rate of 27.0%. These figures underscore the enduring stability and strategic acumen of the company based in Sant’Agata Bolognese.
Stephan Winkelmann, Chairman and CEO of Automobili Lamborghini, stated: “Through our choices and policies, we aim to realize the positive forecasts outlined for 2024, thus continuing our growth path already highlighted in 2023. The business goals we have set ourselves are supported by investments aimed at the continuous improvement of our products. The start of 2024 represents a significant milestone for Lamborghini with the recent debut of the Urus SE and, in the second half of the year, the presentation of the hybrid heir to the Huracán, and we can only look forward to the achievement of our important objectives.”
Automobili Lamborghini achieved its highest-ever quarterly delivery numbers in this first quarter, with 2,630 cars delivered. Although there was a slight decrease in the US market in the first three months of 2024, it remains the largest market in terms of deliveries. The performance across the board still showcases stellar results. Deliveries across the major regions, EMEA, Americas, and APAC, totaled 1,278, 856, and 496 cars, respectively.
Paolo Poma, Managing Director and CFO of Automobili Lamborghini, expressed that the financial outcomes for the first quarter of 2024 demonstrate the firm’s robust performance. He noted that a strong order book enabled the company to start the year aligned with its 2024 goals. He also added that the constant receipt of orders strengthens their confidence to pursue ongoing projects and supports expectations for further growth as the year progresses.
The results of the first three months illustrate the brand’s resilience and the strategic moves made in 2024. These include adjusting delivery schedules to achieve a more balanced distribution throughout the year.
The order bank remains strong, with Revuelto maintaining a lead time of more than two years and the Huracán, the successor of which will sport a new hybrid powertrain, remaining covered until the end of manufacture. For the Urus S and Performante, the order bank is also fully covered until the close of production, expected by the end of the year.
Automobili Lamborghini starts the second quarter of 2024 with the launch of the new Urus SE, the company’s inaugural hybrid super SUV, which holds great promise for meeting the set targets.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
The G80 Sport makes its entrance, displaying dynamic design details and elevated automative capabilities.
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Juma Al Majid LLC, the exclusive dealer for Genesis in the UAE, has launched the G80 – a cutting-edge luxury sedan. Merging tradition with innovation, this model embodies Genesis‘ relentless pursuit of superior design, state-of-the-art technology, and unmatched luxury.
The new G80 marks a significant milestone in introducing Korean automotive excellence to the UAE, highlighting the brand’s commitment to providing exceptional experiences.
Meticulously crafted, the redesigned G80 adheres to the ‘Athletic Elegance’ design philosophy synonymous with Genesis. This luxury vehicle features refined details and cutting-edge specifications, combining comfort and style to elevate every driving experience to new heights.
“The debut of the all-new G80 in the UAE market propels our vision to converge advanced technology and refined elegance”, stated Suliman Al Zaben, Director of Genesis, UAE. “This launch is a step forward for Genesis in the UAE market and strengthens our efforts to offer ultimate luxury, innovation, and unique design to our incisive customer base.”
With a new dual-mesh design, the G80’s exterior enhances the sophisticated appearance of the Two-Line Crest Grille, paired with iconic Two-Line headlamps featuring Micro Lens Array (MLA) technology. This highlights Genesis’ commitment to harmonizing advanced technology with elegant design. The five 20-inch double-spoke wheels exude a dynamic aesthetic, resembling sleek aircraft lines, complementing the car’s parabolic side profile. Rear diffusers conceal mufflers adorned with distinctive V-shaped chrome trim inspired by the Crest Grille, embodying an eco-conscious ethos in today’s technology-driven era.
The G80 reinforces Genesis’ design philosophy in its interiors, inspired by the uniquely Korean concept of the Beauty of White Space, integrated with state-of-the-art technology to create cosmetic brilliance for users. The 27-inch-wide OLED display seamlessly combines the cluster and AVN (Audio, Video, Navigation) screen in a horizontal layout, extending to the center fascia, showcasing its flair for innovative technology. The touch-based HVAC (Heating, Ventilation, and Air Conditioning) system offers ease of control, while the redesigned crystal-like Shift By Wire (SBW) ensures a comfortable grip, infusing a sense of luxurious convenience.
With its dual-layered Crest Grille and expanded air intakes, the G80 Sport package delivers a dynamic and sporty spirit. Exclusive interior options, such as a D-cut steering wheel and carbon accents, enhance its sporty allure. Equipped with Rear Wheel Steering (RWS) and Electronic Limited Slip Differential (E-LSD), the G80 Sport 3.5 twin turbo model is built for stable control during high-speed maneuvers.
Fitted with advanced safety and convenience features, this luxury sedan includes Remote Smart Parking Assist 2, Lane Following Assist 2, and a Fingerprint Authentication System. The three-zone HVAC system provides customized climate control for all passengers. With two powertrain options – a 2.5 turbo engine delivering 300 horsepower and 43.0 kgf·m of torque, and a 3.5 twin turbo engine producing 375 horsepower and 54.0 kgf·m of torque – superior driving dynamics ensure a silent and luxurious driving experience.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
