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New Models Boost Aston Martin’s Revenue 81%
Strong third-quarter demand for new models doubled unit sales and hikes third-quarter revenue 81% for Aston Martin Lagonda Ltd.
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Strong third-quarter demand for new models doubled unit sales and hikes third-quarter revenue 81% for Aston Martin Lagonda Ltd.
The British luxury carmaker says unit wholesales for the period jumped from fewer than 900 cars to nearly 1,800 units. Revenue zoomed to a record £282 million ($359 million). The company credits the popularity of its $153,000 Vantage sports car and $200,000 DB11 Volante touring coupe.
Aston Martin’s adjusted earnings before interest, taxes, depreciation and amortization soared 93% to a record £54 million ($69 million). EBITDA through the first 10 months of 2018 grew 32% to £160 million ($204 million), and unit sales climbed 22% to 4,100 cars.
The company predicts its full-year wholesale volume will be about 6,400 units, the high end of its sales guidance.
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