Lamborghini Reports a Stronger Financial Performance in Q1 2024 | Kanebridge News
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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.

Tue, May 7, 2024 2:52pmGrey Clock 2 min

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.


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Designing Dreams: David Charette’s fascinating Spaces for Children’s Adventures

David Charette has teamed up with CIRCU Magical Furniture to design spaces that capture the essence of childhood wonder.

Tue, May 21, 2024 4 min

This collaboration between David Charette, founder and principal of Britto Charette, and CIRCU Magical Furniture aims to stimulate the imaginations of children, encouraging them to invent their own tales of adventure. Drawing on his extensive travels, Charette believes that journeying through different cultures can spark creativity in young minds.

His latest venture uses a mix of luxury elements and magical themes, incorporating products from CIRCU, Covet House, and other vendors to create unique, enchanting children’s rooms. These spaces are designed to reflect the excitement and mystery of exploring new worlds.

The Sleeping are:

David Charette has transformed a Montreal residence into a magical sleeping area where time seems to pause, and adventures await. Known for its long, cold winters and short days, Montreal served as the perfect backdrop for Charette’s vision of a space that remains warm and bright throughout the year.

Central to the design is the concept of “light and bright,” brought to life using de Gournay‘s hand-painted wall coverings in fresh mint, decorated with flying butterflies. These elements beautifully complement the original shapes of the KOKET Nymph Wall Lamp and the organic curves of the CIRCU Tristen Bed.

Charette’s attachment to the Tristen Bed stems not only from its youthful appeal but also from its ergonomic design, which makes it easy for children to climb in and out of, enhancing both its functionality and charm.

The Bed:

Charette paired the modern lines of the bed with the unique design of the Boca do Lobo Wave Nightstand and the funky style of Delightfull’s Billy Table Lamp. By blending these contemporary pieces with the classic elements in the decor of this luxury kids’ room, Charette has crafted a unique space that breathes a natural breeze of inspiration into any child’s environment.

This combination not only adds aesthetic appeal but also stimulates the imagination, making the room a perfect sanctuary for creativity and dreams.

The seating area:

The room also includes a cozy seating area perfect for young readers. Centred around the CIRCU Dainty Armchair, this space is tailored for kids, with the chair’s delicate structure and elegant design enhancing the room’s charm. Its pink velvet upholstery adds a vibrant pop of color, enriching the room’s palette. To distinctly separate this reading corner from the rest of the sleeping area, Charette chose the Boca Do Lobo Gold Folding Screen from Covet House, which not only adds an element of privacy but also contributes a touch of sophistication to the space.

The Play and Study area:

David Charette aimed to create a space with an “Out of Africa” vibe to spark a child’s imagination and inspire a passion for lifelong adventures and travels. Drawing from fond memories of camping during his own childhood, Charette incorporated a Teepee Tent into the room’s design, allowing children to feel as they are camping in a forest right within their own bedroom.

This nature-inspired theme is beautifully complemented by the Fornasetti wall coverings from Cole & Son and the Filigree Cricket Wall Lamp, which are insect-shaped sconces by Boca do Lobo.

Adding to the ambiance, Charette notes, “The clouds on the ceiling further the idea of camping (in this case “glamping”) and dreaming, and the Circu Cloud Suspension lamps add to the dreamy camping vibe.”

To maintain this adventurous theme, Charette selected the CIRCU NODO Suspension Chair. It not only brings a hint of outdoor fun indoors with an elegant flair but also offers a comfy spot for kids to unwind and lose themselves in their favorite stories.

In his design, David Charette, of Britto Charette, focused on enhancing the sense of freedom and sparking children’s imaginations in their own space. He chose one of his favorite pieces from CIRCU, the Sky Desk, for its playful design and inspirational form. Shaped like an airplane, this desk not only becomes the central feature of playtime but also transforms homework into an exciting adventure. The unique design aims to captivate and motivate young minds, turning everyday tasks into a flight of imagination.

David Charette designed this luxury children’s room with the hope that it would inspire children to dream, play, and develop a deep respect for nature as they embark on their own adventures.

He crafted the room to be “transitional,” capable of evolving with a child from toddler years into adolescence. This design approach not only aims to create a lasting, imaginative space for children but also to show parents the value of investing in unique, high-quality pieces like those from Circu. These carefully chosen items stand out from mass-produced children’s designs, offering both aesthetic appeal and long-term utility.


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

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