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Lawrence Stroll, Executive Chairman commented:
“We continue to make tremendous progress, now operating as an ultra-luxury brand and seeing exceptional
demand across our product range with sports cars sold out for the year and DBX orders up 60%. Our most
recently announced limited-edition, the V12 Vantage, was fully sold out prior to its official launch in March; and
DBX707 is making headlines as the premier ultra-luxury performance SUV on the market, generating strong
customer interest.
We are poised to deliver good growth in 2022 and remain extremely confident in the medium and long-term
prospects as we transform Aston Martin into the world’s most desirable ultra-luxury British performance brand.”
Outlook
We remain on our journey to achieving our medium-term targets of c.10,000 wholesales, c.£2bn revenue and
c.£500m adjusted EBITDA by 2024/25.
For 2022, we expect to deliver significant growth on 2021 with a c.8% increase in core volumes expected to
deliver a c.50% improvement in adjusted EBITDA from the core business. We will deliver the first two vehicles
from the new management team, DBX707 and the V12 Vantage, with improved profitability compared with
prior models as well as price adjustments across the full portfolio, given the pricing power of the brand.
In addition, 75-90 Aston Martin Valkyrie programme vehicles remain on track for shipment.
The global operating environment remains uncertain with the war in Ukraine, ongoing global COVID-19
lockdowns, most notably in China, continued supply chain and logistics disruptions, and raw material cost
inflation. Our teams remain focused on minimising any impact on the Company.
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