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Between January and March, the Italian carmaker saw its sales rise by +23%<\/strong>, compared to the same period last year. At the end of the first quarter, the company’s turnover reached 728 million euros. This is a good start and a nice birthday present for the brand, which is celebrating its 60th anniversary<\/strong> this year.<\/p>\n <\/p>\n Operating profit increased significantly from 178 to 260 million euros<\/strong> over the same period.<\/p>\n <\/p>\n A performance that follows Lamborghini’s very good results last year, with a +22% increase in sales to 2.38 billion euros, double that recorded by the brand in 2017.<\/p>\n <\/p>\n The reason for this remarkable data? The delivery of more than 2 600 models<\/strong> over the beginning of the year. It’s safe to say the Italian automaker has outdone itself, as such a score has never been achieved before.<\/p>\n <\/p>\n “These very strong numbers add up to an order backlog that almost fully covers 2024 production,<\/em>” Lamborghini said in a statement.<\/p>\n <\/p>\n Record delivery numbers, multi-year bookings and a new path to electrification. Lamborghini definitely has more than one trick up its sleeve, or rather under the hood.<\/p>\n <\/p>\n <\/p>\n The same atmosphere at the other Italian carmaker. In the first quarter, Ferrari’s profits increased by 27%. The share price of the prancing horse brand reached a record high on the Milan stock exchange of 267 euros last Thursday, an increase of almost 6%.<\/p>\n <\/p>\n Ferrari’s EBITDA amounted to 537 million euros with an adjusted margin of 38%, exceeding the brand’s expectations. And like its competitor, this notable performance is driven by high sales volumes, with more than 3 500 vehicles sold in the first quarter of 2023<\/strong>, 9.7% more than the previous year. This performance was driven in particular by the Portofino M, 296 GTB <\/em>and 812 Competizione<\/em> models.<\/p>\n <\/p>\n The second quarter should follow in the footsteps of the first, with the long-awaited deliveries of the Purosangue<\/em> about to begin. The only downside is that the company has seen a drop in revenue from engine sales, caused by the end of a deal with Maserati.<\/p>\n <\/p>\n But the ambition does not slow down, especially since Ferrari will soon enter the green world of electric cars, with a supercar that should arrive in 2025.<\/p>\n <\/p>\n Read also >Automobile: Lamborghini ends 2022 on a high note\u00a0<\/a><\/p>\n <\/p>\n Featured photo : \u00a9 Press[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n <\/p>\n Between January and March, the Italian carmaker saw its sales rise by +23%<\/strong>, compared to the same period last year. At the end of the first quarter, the company’s turnover reached 728 million euros. This is a good start and a nice birthday present for the brand, which is celebrating its 60th anniversary<\/strong> this year.<\/p>\n <\/p>\n Operating profit increased significantly from 178 to 260 million euros<\/strong> over the same period.<\/p>\n <\/p>\n A performance that follows Lamborghini’s very good results last year, with a +22% increase in sales to 2.38 billion euros, double that recorded by the brand in 2017.<\/p>\n <\/p>\n The reason for this remarkable data? The delivery of more than 2 600 models<\/strong> over the beginning of the year. It’s safe to say the Italian automaker has outdone itself, as such a score has never been achieved before.<\/p>\n <\/p>\n “These very strong numbers add up to an order backlog that almost fully covers 2024 production,<\/em>” Lamborghini said in a statement.<\/p>\n <\/p>\n Record delivery numbers, multi-year bookings and a new path to electrification. Lamborghini definitely has more than one trick up its sleeve, or rather under the hood.<\/p>\n <\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\nFerrari follows suit<\/h2>\n
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The automotive industry is definitely not weakening. Lamborghini and Ferrari have recorded strong performances for this beginning of the year 2023, exceeding the analysts’ objectives. A first quarter that ends on a high note for both manufacturers.<\/h4>\n
Lamborghini’s sales soar<\/h2>\n
Ferrari follows suit<\/h2>\n