AML losses in 2015

[RobDown]

Just reported a pre-tax loss of GBP127.9m (vs a loss of GBP71.8m in 2014). Car sales of 3615 down from 3661 in the prior year

I guess its a transition year for the company as we roll-over into the new models.

Will update when I see more details on model mix, geography etc

[RobDown]

Agreed. Next 2 years feels like make or break (again) for the company. But the mood music seems to suggest db11 pre-orders have been good

[RobDown]

I think that's why the Mercedes deal was so critical. Saves a massive amount of investment spend

But as above - good luck to them!

[RobDown]

Jon - not seen the full accounts posted yet, just the Bllombeg headlines. Will keep an eye out for you

They are talking about an IPO though, first I've heard of that. Albeit given market conditions that must be some years away

[RobDown]

where does the £200m figure come from? I think that was the amount being invested in the Welsh Dbx plant, but is there a separate comment on it?

[RobDown]

Ah I see, I think that's additional then as they say they spent gbp161m on development (+40%) in 2015

Other interesting comments:

60% of sale are outside EU, "just under half" of the remainder (so call it 17-19%) EU, rest UK
Company is hedged against FX for 18 months
Plan is to roll out a new model every 9 months (I think we knew that)
Looking to expand partnership with Red Bull
Primary markets for DBX will be US and China

Excluding one-off items (restructuring, write downs) profits rose from £66.3m to £71.4m
Expectations is flat sales in 2016