Lamborghini celebrates financial success in 2021

The Lamborghini Urus was the brand’s top selling vehicle last year. Photo: Lamborghini

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.

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.”

Turnover reached the all-time high of €1.95 billion, a 19 percent 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 percent, a profitability level in line with the luxury industry. This excellent performance translates into an operating income of €393 million, up by a massive 49percent compared to 2020 (€264 million).

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 percent and 25 percent.

And 2021 was also the best year ever on a commercial level, with 8405 cars delivered globally (+13 percent compared to 2020). Overall, the three macro-regions where Lamborghini can be found grew by double digits: America (+14 percent), Asia Pacific (+14 percent) and EMEA (Europe, Middle East and Africa, +12 percent), in which 34 percent, 27 percent, and 39 percent of global volumes, respectively, are evenly divided. 

With regard to sales, the United States held on to the top spot (2,472 units, +11 percent), followed by China leaping into second place (935, +55 percent), Germany (706, +16 percent) and the United Kingdom (564, +9 percent). Lamborghini also witnessed an increase in its home market, Italy: +4 percent, with a total of 359 vehicles delivered.

In terms of models, there was success for the Urus Super SUV with 5,021 units delivered, followed by the V10-powered Huracán, which saw a huge increase in sales to 2,586 units generated by the strong impetus provided by the Huracán STO. In addition, 798 Aventadors (V12 model) were delivered across the world.

In New Zealand, there were 21 Lamborghinis registered last year, with the Urus the most popular model.