Adrian Hallmark
CEO, Aston Martin Lagonda
Replay available
Aston Martin Lagonda Global Holdings plc (AML) Q1 2025 Earnings Call
Aston Martin Lagonda Global Holdings plc (LSE: AML) Q1 2025 earnings conference call, held 2025-04-30. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Doug Lafferty
CFO, Aston Martin Lagonda
Harry Martin
Analyst, Bernstein
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Aston Martin Lagonda Global Holdings Plc.
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:04.597 Good morning, everyone. Thank you for joining the Aston Martin Quarter 1 2025 results 00:00:04.597 -- 00:00:06.379 call. 00:00:06.379 -- 00:00:09.202 I'm Adrian Hallmark, CEO of Aston Martin Lagonda. 00:00:09.202 -- 00:00:13.828 Alongside me today, I have Doug Lafferty, CFO, who will shortly take you through the 00:00:13.828 -- 00:00:17.733 Quarter 1 financial headlines. 00:00:17.733 -- 00:00:21.998 As I outlined at the four-year results in February, we have undertaken a disciplined 00:00:21.998 -- 00:00:26.704 approach to production and stock reduction at the start of this year. 00:00:26.704 -- 00:00:31.212 This is reflected in our Quarter 1 performance, with the wholesale broadly in line with 00:00:31.212 -- 00:00:37.041 the prior year as guided, but it's worth noting that the retail sales to customers significantly 00:00:37.041 -- 00:00:41.605 outpaced wholesale volumes by around 50%. 00:00:41.668 -- 00:00:46.756 We expect this positive trend to continue through the first half of 2025 as 00:00:46.756 -- 00:00:52.645 we destock and balance the supply with the underlying demand for our ultra-luxury 00:00:52.645 -- 00:00:55.567 high-performance cars. 00:00:55.567 -- 00:00:59.811 Over the last couple of years, Aston Martin has been through an extremely intense period 00:00:59.811 -- 00:01:05.457 of product development and launch. And as a result, we can now offer our customers 00:01:05.457 -- 00:01:09.482 a fully reinvigorated core product portfolio, 00:01:09.482 -- 00:01:14.967 benefits of which are demonstrated by the circa 10% increase in our quarter 00:01:14.967 -- 00:01:20.013 one core average selling price. But that's just the start. 00:01:20.013 -- 00:01:24.617 Our production innovation focus, which will support sustainable, ...