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AML latest financials

1 Nov 2023 6:46 PM | Anonymous member (Administrator)

Aston Martin Lagonda's third quarter revenue was up 15% to £362.1m, reflecting an 11% increase in average selling price to £234,000. The DB12 production ramp up was temporarily affected by production issues, impacting volumes. Full year volumes are now expected to be around 6,700, down from previous guidance of around 7,000.

There was an underlying operating loss of £48.4m, a 13% improvement on the same time last year.

Net debt was broadly flat at £750m as at the end of the period, compared to the start of the year.

Underlying cash profit margins are still expected to reach around 20% for the full year.

The shares fell 16.3% following the announcement.

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