Aston Martin Holdings (UK) Limited announces full year results for the 12 months ended 31 December 2012.
- Q4 revenue up 20 per cent on 2011
- Full year adjusted EBITDA £69.3m
- Retail volumes circa 3,800
Aston Martin Chief Executive Officer, Dr Ulrich Bez said: “We are encouraged to see that Q4 2012 revenue increased by 20 per cent year on year, following the launch of the Vanquish and new DB9 in the fourth quarter. We have started 2013, our centenary year, at the forefront of design and technology with the launch of Rapide S and we look forward to welcoming our new investors, Investindustrial.
“Despite challenging market conditions the company has increased its research, development and investment activity. We are confident in our business plan and expect that recent new model introductions plus further exciting announcements to come later in the year will support a positive financial performance in 2013.”
Aston Martin Chief Financial Officer, Hanno Kirner commented: “The recently confirmed £150m capital increase supports a significant new product investment programme of more than half a billion pounds over the next five years. We introduced a series of cost saving measures in 2012 which were effective, however profitability was impacted by non-recurring operating costs. Volume and profit growth in 2013 will be supported by full year production of Vanquish, Rapide S and other key product actions.”
