Aston Martin 2011 results

[Beefmeister]

Thought you lot might be interested?

ASTON MARTIN HOLDINGS (UK) LIMITED FULL YEAR RESULTS 2011

20 April 2012: Gaydon. Aston Martin Holdings (UK) Limited announces full year results for the 12 months ended 31 December 2011.

Revenue increased by 7% to £506.8m, the highest level since 2008
Adjusted EBITDA was £76.2m
China expansion plans progressing at rapid pace
Retail volumes remained stable at circa 4,200
Dr Ulrich Bez, Chief Executive Officer, Aston Martin, added: “Our 2011 results demonstrate the energy, passion and ongoing resilience of Aston Martin - a truly unique, independent manufacturer. We are on track with our expansion plans around the world, especially in China, and are investing in new models. I’m particularly pleased to see the company returning to 2008 revenue levels despite the continued uncertainties in the global economy.

“The Aston Martin brand is stronger than ever. This is demonstrated by intense interest in our new V12 Zagato, recently shown at the Geneva Motor Show, and our £1.2m One-77 supercar – all 77 of which are now sold.”

Hanno Kirner, Chief Financial Officer, Aston Martin, commented: “Despite challenging macroeconomic conditions we were encouraged to see volumes remain stable during 2011 and revenue rise by 7% year on year due to a richer product mix. Profitability was impacted by ongoing investments in new market development which resulted in a decrease of 18% from the 2010 EBITDA figure of £93.3m.”

- Ends -

[krisdelta]

Beefmeister said:

Revenue increased by 7% to £506.8m, the highest level since 2008

Cheers!

So AM flourishes during financial crisis 2008 and 2011 were pretty bad years for most economies - interesting!

Still not enough money to create a new range of cars though..

[rjn21]

Whilst year on year revenue was up, adjusted EBITDA was down 18% for the year at 76, and Q4 was a bloodbath at 20m from 43m in the prior year. Total vehicle sales (excl. Cygnet) fell from 4156 to 3817, total sales inc Cygnet were 4361. Negative cash flow of -12m for the year.

[yeti]

Whoa there... does that mean they sold 544 Cygnets???

[Good Soil (Pete)]

yeti said:

Whoa there... does that mean they sold 544 Cygnets???

hopefully that's world wide so we will not get to see too many of them over here in the uk :-)

[Neil1300R]

[quote=Good Soil (Pete)]

yeti said:

Whoa there... does that mean they sold 544 Cygnets???

hopefully that's world wide so we will not get to see too many of them over here in the uk :-)

~4.5 per dealership worldwide

[Greenslade]

It would be nice to see the figures with the 177 contribution omitted

[Murph7355]

krisdelta said:

Cheers!

So AM flourishes during financial crisis 2008 and 2011 were pretty bad years for most economies - interesting!

Still not enough money to create a new range of cars though..

Those figures say little really. Especially when you consider that CEOs and CFOs are prone to picking out the good bits in public statements.

Profitability, debt, investment plans etc are all more important than revenues IMO.

I'm pretty sure the figures last year went into quite a bit more detail into things like what was spent on R&D.

I'd also be interested to see their average dealer figures that correspond to the same year. And a comparison of the figures posted last time out.

[DB9VolanteDriver]

Neil1300R said:

[quote=Good Soil (Pete)]

yeti said:

Whoa there... does that mean they sold 544 Cygnets???

hopefully that's world wide so we will not get to see too many of them over here in the uk :-)

~4.5 per dealership worldwide

You need to exclude USA dealers from your calculation since none are being sold there.

[Jay_Davis]

DB9VolanteDriver said:

You need to exclude USA dealers from your calculation since none are being sold there.

See, we get to drive on the correct side of the road and, as a bonus, don't have to endure seeing these.

Well worth driving those red-coats out of here.

[Vantagefan]

Murph7355 said:

Those figures say little really. Especially when you consider that CEOs and CFOs are prone to picking out the good bits in public statements.

Profitability, debt, investment plans etc are all more important than revenues IMO.

I'm pretty sure the figures last year went into quite a bit more detail into things like what was spent on R&D.

I'd also be interested to see their average dealer figures that correspond to the same year. And a comparison of the figures posted last time out.

As mentioned on another topic 'Turnover is vanity, profit is sanity, cashflow is king'.