ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

AML Aston Martin Lagonda Global Holdings Plc

171.80
-1.70 (-0.98%)
Last Updated: 15:50:24
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Aston Martin Lagonda Global Holdings Plc LSE:AML London Ordinary Share GB00BN7CG237 ORD GBP0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.70 -0.98% 171.80 171.70 172.10 174.80 168.60 168.60 350,975 15:50:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Vehicles & Car Bodies 1.63B -228.1M -0.2769 -6.22 1.42B

Aston Martin 2022 Pretax Loss Widened as Pound Weakens Against Dollar

01/03/2023 8:04am

Dow Jones News


Aston Martin Lagonda Glo... (LSE:AML)
Historical Stock Chart


From Mar 2022 to Mar 2024

Click Here for more Aston Martin Lagonda Glo... Charts.

By Kyle Morris

 

Aston Martin Lagonda Global Holdings PLC said Wednesday that it pretax loss widened for 2022 as it booked a hit from the weakening of the U.K. pound against the U.S. dollar.

The luxury car maker posted a widened pretax loss of 495.0 million pounds ($595.1 million) compared with a loss of GBP213.8 million a year before. It booked a GBP156 million negative noncash forex revaluation of U.S. dollar-denominated debt as the pound weakened significantly against the dollar during the year.

Adjusted earnings before interest, taxes, depreciation and amortization was GBP190.2 million compared with GBP137.9 million a year earlier. The increase was driven by higher revenue and gross profit, partially offset by higher reinvestment into brand, marketing and new product launch activities, as well as inflation.

Revenue was GBP1.38 billion compared with GBP1.10 billion in 2021.

Total wholesales increased 4% to 6,412 from 6,178 in 2021.

For 2023, the company expects wholesale volume growth to around 7,000, and up to an around 20% adjusted Ebitda margin.

"We delivered in line with expectations, took actions to address the short-term impacts of supply-chain issues, and continued to make progress in a number of key areas that will support our ability to meet strong customer demand and deliver our growth ambitions," Chief Executive Amedeo Felisa said.

 

Write to Kyle Morris at kyle.morris@dowjones.com

 

(END) Dow Jones Newswires

March 01, 2023 02:49 ET (07:49 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

1 Year Aston Martin Lagonda Glo... Chart

1 Year Aston Martin Lagonda Glo... Chart

1 Month Aston Martin Lagonda Glo... Chart

1 Month Aston Martin Lagonda Glo... Chart

Your Recent History

Delayed Upgrade Clock