London · Delayed Price · Currency is GBP · Price in GBX Aston Martin Lagonda Global Holdings Earnings Call Transcripts
Fiscal Year 2025
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2025 saw lower volumes and revenue amid macro headwinds, but core ASP rose and inventory health improved. Transformation and cost actions, including a 20% people cost reduction, set the stage for a material financial rebound in 2026, driven by Valhalla deliveries and margin focus.
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Q3 saw lower volumes and revenue due to macro headwinds, but operational turnaround and cost reductions were achieved. Valhalla deliveries began, with strong demand and over 50% of units sold. CapEx and OpEx were cut, supporting improved margins and liquidity targets for 2026.
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H1 2025 saw revenue and EBIT decline due to fewer specials and higher costs, but strong ASP growth and new model launches support a positive H2 outlook. Liquidity is set to improve with asset sales, and Valhalla deliveries are on track for Q4, despite ongoing U.S. tariff and China market challenges.
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Q1 2025 saw disciplined production and strong retail demand, with a 10% rise in core ASP and significant dealer inventory reduction. Despite a 13% revenue drop and U.S. tariff risks, guidance for positive adjusted EBIT and free cash flow in H2 remains unchanged.
Fiscal Year 2024
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2024 saw a refreshed product lineup and strong specials, but financial results were impacted by supply chain issues and weak demand in China. 2025 is expected to bring improved profitability, positive Adjusted EBIT, and free cash flow in H2, driven by new launches and cost optimization.
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Q3 results met revised guidance with 14% volume and 8% revenue growth year-over-year, stable gross margin, and improved liquidity. 2025 targets remain in focus, driven by new model launches, operational efficiency, and expanded personalization, despite ongoing supply chain and macroeconomic risks.
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Guidance for 2024 has been revised down due to supply chain disruptions and weaker China demand, with wholesale volumes expected to decline and margins to be below previous targets. Confidence remains high for 2025, driven by a refreshed product lineup, operational improvements, and strong order trends.
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H1 2024 saw lower revenue and volumes due to planned model transitions, but gross margin improved and specials drove strong ASPs. Guidance for 2024 and medium-term targets are reiterated, with a major ramp-up in volumes and positive free cash flow expected in H2.