Aston Martin H1 revenue rises 38%, loss narrows
Aston Martin H1 revenue rises 38%, loss narrows
Overview
UK luxury carmaker's H1 revenue rose 38% yr/yr, driven by higher wholesale volumes and Specials
Gross profit and margin improved, while operating loss narrowed by more than half
Company completed £550 mln debt financing in July, boosting pro forma liquidity to about £340 mln
Outlook
Aston Martin maintains FY 2026 guidance for wholesale volumes similar to FY 2025, including c. 500 Valhalla deliveries
Company expects FY 2026 gross margin to improve into the high 30s% from 29% in FY 2025
Company sees FY 2026 free cash outflow materially improving versus £410 mln outflow in FY 2025
Result Drivers
SPECIALS DELIVERIES - Increase in Specials, driven by Valhalla deliveries, supported revenue and gross profit growth
PRODUCTION CADENCE - More balanced production cadence led to 43% increase in Q2 wholesale volumes
DEALER SUPPORT IMPACT - Targeted dealer support to reduce aged stock contributed to lower core average selling prices
Company press release: ID:nRSc2588Oa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue | Miss | GBP 628.60 mln | GBP 652 mln (1 Analyst) |
H1 Adjusted EBIT |
| -GBP 108.90 mln |
|
H1 Net Debt |
| -GBP 1.54 bln |
|
H1 Pretax Loss |
| GBP 154.20 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the auto & truck manufacturers peer group is "buy."
Wall Street's median 12-month price target for Aston Martin Lagonda Global Holdings PLC is GBp47.00, about 29% above its July 28 closing price of GBp36.44
Reuters Recommended Reads
July 29 - Porsche's H1 profit rises 34% on cost, product mix management
July 28 - Cost cuts help Mercedes stabilise profit but China woes loom
July 28 - Vespa maker Piaggio pledges higher interim dividend as Q2 core profit jumps
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)