Business
Half-year Report
Half-year Report.
About this update from Aston Martin Lagonda Global Holdings Plc
[{"type":"text","content":"\n\nAston Martin Lagonda Global Holdings plc\n(\"Aston Martin\", or \"AML\", or the \"Company\"; or the \"Group\")\nInterim results for the six months ended 30 June 2024\n \n \nQ2 performance reflects core portfolio transition in line with guidance and strong Specials volumes\nReiterating 2024 guidance, including positive Free Cash Flow in H2'24, and medium-term targets\nSignificant growth in total ASP and gross margin underpinned by personalisation and Specials\nOrder book continues to progress with DB12 sold out into 2025; new models launched as planned \nSuccessful refinancing completed following rating agency upgrades; new upsized RCF established\n \n\n\n\n\n£m\n\n\nH1 2024\n\n\nH1 2023\n\n\n% change\n\n\nQ2 2024\n\n\nQ2 2023\n\n\n% change\n\n\n\n\nTotal wholesale volumes1\n\n\n1,998\n\n\n2,954\n\n\n(32%)\n\n\n1,053\n\n\n1,685\n\n\n(38%)\n\n\n\n\nRevenue\n\n\n603.0\n\n\n677.4\n\n\n(11%)\n\n\n335.3\n\n\n381.5\n\n\n(12%)\n\n\n\n\nGross profit\n\n\n232.9\n\n\n236.3\n\n\n(1%)\n\n\n133.2\n\n\n134.4\n\n\n(1%)\n\n\n\n\nGross margin (%)\n\n\n38.6%\n\n\n34.9%\n\n\n370 bps\n\n\n39.7%\n\n\n35.2%\n\n\n450 bps\n\n\n\n\nAdjusted EBITDA2\n\n\n62.2\n\n\n80.6\n\n\n(23%)\n\n\n42.3\n\n\n50.4\n\n\n(16%)\n\n\n\n\nAdjusted EBIT2\n\n\n(99.8)\n\n\n(86.7)\n\n\n15%\n\n\n(42.7)\n\n\n(38.9)\n\n\n10%\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\nOperating (loss)/profit\n\n\n(106.1)\n\n\n(93.2)\n\n\n14%\n\n\n(47.4)\n\n\n(42.3)\n\n\n12%\n\n\n\n\n(Loss)/profit before tax\n\n\n(216.7)\n\n\n(142.2)\n\n\n52%\n\n\n(77.9)\n\n\n(68.0)\n\n\n15%\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\...