Lamborghini revenue jumps 20pc

Italian luxury sports car maker Lamborghini posted on Wednesday nine-months revenue that was up by 20% to 2.43 billion euros ($2.60 billion), driven by a solid order backlog and high demand for all models, reports Reuters.

The firm delivered 8,411 cars in the first nine months of 2024, an 8.6% increase compared to same period last year, when it topped 10,000 deliveries for the first time.

Lamborghini, part of Germany's Volkswagen group VOWG_p.DE, also posted a 9.8% jump in its operating profit (EBIT) to 678 million euros.

CEO Stephan Winkelmann said the carmaker had been boosted by the introduction of three new models in past 18 months.

"Our third-quarter results further boost expectations of another record year, once again confirming our position among the most profitable brands in the luxury segment," CFO Paolo Poma said in a statement.