Overview
UK luxury carmaker's Q1 revenue rose 16% on higher Specials volumes and ASP
Gross margin improved to 35% from 28%, supported by transformation benefits and product mix
Operating loss narrowed to £8.9 mln from £67.3 mln a year earlier
Outlook
Aston Martin maintains FY 2026 guidance, expecting wholesale volumes similar to prior year
Company expects FY 2026 gross margin to improve into the high 30s% from 29% in FY 2025
Company says macroeconomic and geopolitical uncertainty, including U.S. tariffs, may impact demand and supply chains
Result Drivers
SPECIALS DELIVERIES - Higher revenue and gross profit were driven by increased deliveries of Specials, including 102 Valhalla units
PRODUCT MIX & TRANSFORMATION - Improved gross margin was attributed to an enhanced product mix and transformation programme benefits, including lower manufacturing costs and investments in product quality
REGIONAL DELIVERY SHIFTS - Americas volumes rose 11% while UK volumes fell 26%, reflecting timing of new core derivative and Specials deliveries
Company press release: ID:nRSc2963Ca
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
GBP 270.40 mln
Q1 Adjusted EBIT
-GBP 56.90 mln
Q1 Adjusted Pretax Profit
-GBP 114.30 mln
Q1 Pretax Profit
-GBP 65.50 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 7 "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 GBp50.00, about 25.2% above its April 28 closing price of GBp39.94
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
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