Aston Martin's Q3 revenue rises 36% on Specials deliveries
Overview
UK luxury carmaker's Q3 revenue rose 36% yr/yr, driven by higher Specials deliveries
Gross margin improved to 37.4% from 29.0% on enhanced product mix and transformation benefits
Operating loss halved as transformation programme delivered higher gross profit
Outlook
Aston Martin maintains FY 2026 guidance, expecting wholesale volumes similar to FY 2025
Company expects FY 2026 gross margin to improve into the high 30s% from 29% in FY 2025
Result Drivers
SPECIALS DELIVERIES - Co said increased deliveries of Valhalla Coupe and other Specials drove revenue and gross profit growth
PRODUCT MIX - Enhanced product mix, including new model launches and higher-priced vehicles, contributed to a 25% increase in average selling price and improved margins
TRANSFORMATION PROGRAMME - Ongoing transformation programme supported margin gains through lower manufacturing costs and investments in product quality
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | GBP 388.70 mln | ||
Q3 Adjusted EBIT | -GBP 24.90 mln | ||
Q3 Adjusted Pretax Loss | GBP 75.60 mln | ||
Q3 Net Debt | -GBP 1.57 bln | ||
Q3 Pretax Loss | GBP 77.10 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "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 GBp37.00, about 2.7% below its October 27 closing price of GBp38.02
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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.)