Here is a summary of the financial report for Aston Martin Lagonda Global Holdings plc for the third quarter of 2024
Performance
Improved Q3 performance met revised expectations, with a 14% increase in volumes year-over-year.
Revenue decreased by 4% to £995 million, while gross profit increased by 2% to £377 million, resulting in a gross margin of 38%.
Adjusted EBITDA decreased by 14% to £113 million, with an adjusted EBITDA margin of 11%.
Net debt increased to £1217 millionwith a net leverage ratio of 4.2x.
Outlook
The company is on track to deliver its revised full-year 2024 guidance, which reflects adjustments to volumes due to supply chain disruptions and macroeconomic weakness in China.
Aston Martin expects sustainable growth with its reinvigorated range of new models, including the new Vantage, DBX707, and V12 flagship Vanquish.
The company remains focused on achieving its previously communicated targets for FY 2025.
Key Metrics
Wholesale volumes: 3639 units YTD 2024a 17% decrease year-over-year.
Revenue: £994.6 million YTD 2024a 4% decrease year-over-year.
Gross profit£376.9 million YTD 2024, a 2% increase year-over-year.
Adjusted EBITDA£112.9 million YTD 2024, a 14% decrease year-over-year.
Net debt: £1216.5 million as of Q3 2024a 62% increase year-over-year.