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Lamborghini joins the circle of most
profitable car brands as it announces 2007
profits up 160 pct, pre-tax profit margins
of 10.1 pct, sales up 35 pct to 467 million
euros and deliveries up 15.3 pct to 2,406. |
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The
Italian manufacturer of luxury sports cars Automobili
Lamborghini SpA, based in Sant’ Agata Bolognese, has
achieved a further record year’s financial results. In the
2007 fiscal year (December 31), the company has surpassed
all key objectives for deliveries, sales and net profit.
2007 marks the sixth consequent record year for Lamborghini.
Deliveries of 2406 super sports cars with the raging bull
logo were delivered to customers worldwide. This is an
increase of 15,3 per cent over the previous year, which saw
the 2000 unit threshold being surpassed for the first time
in the company's history with 2087 units. The turnover also
increased once more, by 34,9 per cent from 346,3 Mio. Euro
to 467,1 Mio. Euro.
The
growth was driven by Lamborghini’s most important and
strategic markets. Deliveries in Northern America - the most
significant market for Lamborghini – increased by more than
eight per cent and surpassed the 1000 unit mark for the
first time (1001 units). In Europe, deliveries increased by
22 per cent from 748 to 959 units, whilst in the rest of the
world's markets (RoW), the increase was 18 per cent (348 to
446 units). With Europe and RoW showing even stronger growth
rates than North America, Lamborghini is coming closer to an
even sales split across the three world regions once more.
According to the company, the continuing growth results from
several factors. Firstly, Lamborghini has succeeded in
consistently expanding its presence on the world’s markets
by opening up additional strategic markets like Asia-Pacific
and the Middle East. Secondly, Lamborghini’s growth was due
to the further expansion of the dealer network. In 2007
alone, a further ten dealerships were opened in the world's
metropolises, to over 100 outlets for the first time.
Lamborghini is now present in all the important markets for
luxury sports cars.
Lamborghini also achieved an over proportionate growth in
profit versus turnover: the profit growth of 160 per cent to
47,1 Mio. Euro (18,1 Mio. Euro in 2006) means another record
in terms of annual profit achieved, and results in a
double-digit pre-tax profit figure for the first time in the
company’s history. More than that, the marque has the
youngest and most attractive model line-up ever, augmented
by the launch of another model in 2007, the Lamborghini
Gallardo Superleggera. Increasing brand and product
awareness as well as the strong and rising brand value are
also key factors in the company’s success.
Commenting on the results, President and CEO of Automobili
Lamborghini Stephan Winkelmann, said: "Our relentless focus
on increasing our brand value, an extraordinary product
range and the global presence of the corporation is
beginning to pay-off on a world-wide scale. Following some
years of building both the company and the brand we now
belong to the group of ‘most profitable car manufacturers’:
however, we will continue to work towards our ultimate
objective of becoming the most profitable super sports car
manufacturer. We will continuously develop our model
line-up, our presence and the ‘shine’ of the brand."
The
ongoing year 2008 is giving reason for continuing
confidence: high demand for the entire product range is
maintained. The worldwide launch of the new Gallardo Coupe
LP560-4 took place at Geneva Motor Show in March: the
LP560-4 replaces the original Gallardo Coupe first launched
in 2003, on which Lamborghini built the volume and
profitability of its business.
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