2021: Lamborghini’s best year ever for sales, turnover and profitability
Automobili Lamborghini concluded the financial year 2021 with the best results ever in terms of sales, turnover, and profitability, confirming a solid and winning strategy. Turnover reached the all-time high of 1.95 billion euros, a 19% increase over 2020. Efficient management supported by the launch of new models drove operating profit to a level never previously seen.
The operating margin more than doubled compared to 2018 and reached 20.2%, a profitability level in line with the luxury industry. This excellent performance translates into an operating income of 393 million euros, up by a massive 49% compared to 2020 (264 million euros). As part of an ambitious strategic plan to include the highest investment in the company’s history (1.8 billion euros over the next five years, entirely self-financed), Lamborghini has its eyes on an even more challenging financial goal for the upcoming years: to push up its profitability to between 22% and 25%.
In the coming months, Lamborghini will unveil innovations for the Huracán and Urus, two for each model, to then conclude the age of internal combustion engines and move on to hybridization, commencing with the arrival of the model replacing the Aventador in 2023.
Stephan Winkelmann, Chairman and CEO of Automobili Lamborghini, commented: “Lamborghini has delivered excellent commercial and financial results, the best in its history, which give the company the necessary solidity to navigate a new period of uncertainty like the present one. We are deeply saddened by what is happening in Ukraine and hope for a swift end to the hostilities in the name of democratic values.”
Alongside these positive results, Lamborghini wanted to give a concrete sign of support to the Ukrainian population affected by the latest tragic events. Lamborghini arranged for a donation of €500,000 (RM2.3m) to UNHCR – the United Nations refugee agency – which has been working in Ukraine since 2014. This gesture of solidarity was accompanied by the decision to suspend business in Russia.