Luxury sports car and SUV manufacturer Lamborghini has registered record profits for 2020, despite two months of closure for its Italian factory due to COVID-19.
“In a year as difficult as 2020, I am proud to say that Automobili Lamborghini S.p.A. demonstrated great strength and continued its growing appeal, bucking the trend in the global luxury industry,” says CEO Stephan Winkelmann of the results, which saw sales go down 11 per cent from 2019.
Despite this, Lamborghini achieved its highest profitability ever, due to an uptick in more expensive, customised vehicles through its highly profitable ‘limited special series’ models.
“We achieved the highest profitability ever and we had the second-best year ever in terms of both turnover and number of cars delivered: Lamborghini ended fiscal year 2020 with a turnover of 1.61 billion euros, and 7,430 cars sold worldwide,” the CEO continued, looking towards the future of the carmaker with optimism.
“We anticipate the future with great optimism, as 2021 opened with a very positive outlook: deliveries in the first two months of this year have already surpassed those of the previous pre-pandemic period, and the orders placed thus far already cover nine months of production. I look forward to keeping working closely with my team to achieve great results, this year and beyond.”
Oliver Magro named Planning Authority CEO
This comes after Martin Saliba’s term ended after three years at the helm.
FinanceMalta Chief Operating Officer Ivan Grech steps down after seven years
He first joined the organisation in 2015 as Head of Business Development
‘An offer I couldn’t refuse’ – Matthew Sciberras joins Invicti Security as CISO
He leaves Esports Entertainment Group after a year as Vice President of Information Security.
Malta-based Glitnor Group CEO to vacate position in favour of Board role
Co-Founder Jörgen Nordlund will take over the position on an interim basis until a replacement is found.
