Business
Final Results
Final Results.
About this update from Aston Martin Lagonda Global Holdings Plc
[{"type":"text","content":"\n \n \n \n 1 March 2023\n \n \n \n \n Aston Martin Lagonda Global Holdings plc\n \n \n \n \n Preliminary results for the 12 months to 31 December 2022\n \n \n \n \n \n \n \n \n - \n \n FY 2022 results in-line with prior outlook, with strong Q4 performance\n \n \n \n - \n \n FY 2022 revenue growth of 26%, driven by record total ASP of more than £200k\n \n \n \n - \n \n Strong demand across the portfolio; c.80% of current range GT/Sports sold out for 2023 ahead of upcoming launches; DBX order book into Q3 2023\n \n \n \n - \n \n Strong underlying year-on-year core gross margin progression, aligned with ultra-luxury strategy\n \n \n \n - \n \n Cash balance of £583m; net debt of £766m, despite £156m negative FX impact\n \n \n \n - \n \n 2023 Outlook: Wholesale volume growth to c.7,000, and up to c.20% adjusted EBITDA margin\n \n \n \n - \n \n On track to achieve 2024/25 financial targets\n \n \n \n \n \n \n \n \n £m\n \n \n \n \n \n \n 31-Dec-22\n \n \n \n \n \n \n 31-Dec-21\n \n \n \n \n \n \n % change\n \n \n \n \n \n \n Q4-22\n \n \n \n \n \n \n Q4-21\n \n \n \n \n \n \n % change\n \n \n \n \n \n \n \n \n Total wholesales1\n \n \n \n \n \n \n 6,412\n \n \n \n \n \n \n 6,178\n \n \n \n \n \n 4%\n \n \n \n \n \n 2,352\n \n \n \n \n \n \n 1,928\n \n \n \n \n \n 22%\n \n \n \n \n \n \n Revenue\n \n \n \n \n 1,381.5\n \n \n \n \n 1,095.3\n \n \n \n \n 26%\n \n \n \n \n 524.3\n \n \n \n \n 358.9\n \n \n \n \n 46%\n \n \n \n \n \n \n \n Gross Profit\n \n \n \n \n \n 450.7\n \n \n \n \n 343.7\n \n \n \n \n 31%\n \n \n \n \n \n 164.5\n \n \n \n \n \n 121.8\n \n \n \n \n 35%\n \n \n \n \n \n \n \n Adjusted EBITDA2\n \n \n \n \n \n \n 190.2\n \n \n \n \n \n \n 137.9\n \n \n \n \n \n 38%\n \n \n \n \n \n 110.4\n \n \n \n \n \n \n 65.6\n \n \n \n \n \n 68%\n \n \n \n \n \n \n \n Adjusted operating (loss)/profit 2\n \n \n \n \n \n \n (117.9)\n \n \n \n \n \n \n (74.3)\n \n \n \n \n \n (59%)\n \n \n \n \n \n 10.3\n \n \n \n \n \n \n (9.2)\n \n \n \n \n \n n.m.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Operating (loss)/ profit\n \n \n \n \n \n \n (141.8)\n \n \n \n \n \n \n (76.5)\n \n \n \n \n \n (85%)\n \n \n \n \n \n 6.6\n \n \n \n \n...