Sent November 7, 2022, 4:56 pmUpdated November 7, 2022 at 5:27 pm
Is the stock market a new race in which sports car manufacturers now want to compete? Eight years after the Ferrari quote on the markets – which allowed it to more than triple its value -, and a month later that of Porsche (which became the first capitalization of a European car ), Lamborghini comes out of the woods and confidently announces that it will also aim for the markets.
“An IPO is exactly what you need to do to show the public how strong you are and how strong you believe in the future,” luxury brand head Stephan Winkelmann told Bloomberg. Driven by the success of its Urus SUV, it increased its sales by 30% in the third quarter, to 7,430 cars delivered.
The company especially feels the shoulders to go public, because it has doubled this trading performance of financial prowess. In the past three months, its operating profit jumped 68.5% in one year to 570 million euros, for a gross margin level now at 29.6%, up 6.8 points in a year. A great asset to the stock market.
Lamborghini worked on its listing even before the announcement of Volkswagen’s plan to place its brands on the market; obscured by Porsche debut on the stock exchange the parent company asked its brands (Audi, Bentley Ducati …), at the beginning of October, prepare for a potential IPO . For the group the goal is to get out of ten years of stagnation on the markets and for its brands to promote themselves better. According to Bloomberg, Lamborghini could weigh 15 billion dollars.
The aim is also to raise funds that will be used to finance the costly electrification. Lamborghini has planned € 1.5 billion over four years to switch to electrons since its first 100% electric model is expected in 2028 . The listing could take place before mid-2024. By then, his order book is already full.
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