Aston Martin Lagonda Global Holdings plc, a global leader in the luxury car industry, has announced its first-quarter results for the three months to 31 March 2023.
The company reported a strong start to the year, with revenue growth of 27% year-on-year to €296m, driven by favourable mix dynamics from the DBX707 and V12 Vantage, higher volumes, and strong pricing dynamics in the core portfolio.
Key Highlights:
- Wholesale volumes increased by 9% year-on-year to 1,269, driven by 59% year-on-year DBX volume growth.
- Revenue growth of 27% year-on-year to €296m, driven by favourable mix dynamics and higher volumes.
- Gross profit increased by 21% year-on-year to €102m, with gross margin of 34% (Q1 2022: 36%).
- Adjusted EBITDA increased by 24% year-on-year to €30m, primarily driven by higher revenue and gross profit.
- The company announced plans to launch a new, strictly limited, exclusive Aston Martin model in the fourth quarter of 2023.
Manual:
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