Business
Preliminary results year ended 31 December 2024
Preliminary results year ended 31 December 2024.
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\")\nPreliminary results for the twelve months ended 31 December 2024\n \n \nRecord total ASP up 6% to £245k, driven by strong personalisation across new models and Specials demand\nFocus on disciplined operational execution, continued business transformation and cost optimisation\nYear-end total liquidity of £514m, in line with guidance, supporting delivery of strategy and future growth\nMaterial improvement in 2025 financial performance expected to deliver positive adjusted EBIT in FY 2025 and free cash flow in H2 2025; unchanged 2027/28 mid-term targets\n\n\n\n\n£m\n\n\nFY 2024\n\n\nFY 2023\n\n\n% change\n\n\nQ4 2024\n\n\nQ4 2023\n\n\n% change\n\n\n\n\nTotal wholesale volumes1\n\n\n6,030\n\n\n6,620\n\n\n(9%)\n\n\n2,391\n\n\n2,222\n\n\n8%\n\n\n\n\nRevenue\n\n\n1,583.9\n\n\n1,632.8\n\n\n(3%)\n\n\n589.3\n\n\n593.3\n\n\n(1%)\n\n\n\n\nGross profit\n\n\n583.9\n\n\n639.2\n\n\n(9%)\n\n\n207.0\n\n\n268.4\n\n\n(23%)\n\n\n\n\nGross margin (%)\n\n\n36.9%\n\n\n39.1%\n\n\n(220 bps)\n\n\n35.1%\n\n\n45.2%\n\n\n(1,010 bps)\n\n\n\n\nAdjusted EBITDA2\n\n\n271.0\n\n\n305.9\n\n\n(11%)\n\n\n158.1\n\n\n174.8\n\n\n(10%)\n\n\n\n\nAdjusted EBIT2\n\n\n(82.8)\n\n\n(79.7)\n\n\n(4%)\n\n\n38.7\n\n\n55.4\n\n\n(30%)\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(99.5)\n\n\n(111.2)\n\n\n11%\n\n\n33.3\n\n\n34.1\n\n\n(2%)\n\n\n\n\n(Loss)/profit before tax\n\n\n(289.1)\n\n\n(239.8)\n\n\n(21%)\n\n\n(60.2)\n\n\n20.0\n\n\n(401%)\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\nNet debt2\n\n\n...