Aston Martin FY13 Results

[hashluck]

Here are the words, nothing new, I am sure someone will be along with the actual financials...

28 April 2014, Gaydon: Aston Martin Holdings (UK) Limited is today announcing full year results for the 12 months ended 31 December 2013.

Aston Martin Chief Financial Officer, Hanno Kirner commented: “We made excellent progress on a number of fronts in 2013: growing our global sales, improving our EBITDA and building further on the company’s strong brand as we celebrated our centenary around the globe.

“We will, in the next few years, be implementing the biggest investment programme in our 101-year history, preparing the ground for new and exciting products in the future.

“Our strong ownership structure and strategic partnership with Daimler AG, finalised in December 2013, provides us with a solid foundation for the unprecedented investment programme that will underpin our future growth.

Kirner continued: “We are engineering a completely new architecture and technologies to ensure that our next generation of sports cars is at the forefront of design, performance and technology. The strategic partnership with Daimler AG will bring with it cutting edge electrical and electronic architecture expertise, and the shared development of world-class bespoke V8 powertrains.”

In order to facilitate the biggest investment programme in the history of the brand the company’s capital structure was significantly strengthened in April 2013 when experienced sector investor, Investindustrial, joined Primewagon and Adeem Investment and the other existing shareholders, confirming the value story of Aston Martin.

The 2013 results benefited from an improved model and market mix and the 13 per cent increase in revenue was supported by full year sales of the highly successful Vanquish Coupe and the launch of greatly anticipated Vanquish Volante and V12 Vantage S models in Q4. In addition the company strengthened the existing dealer network and opened in new markets, including Mexico and Thailand.

[Neil1300r]

According to The Sunday Times still no nearer to finding a CEO.

[Jon39]

I have found the following figures, but hopefully our PH City friends can provide more detail.

I think the profit figure must be gross profit not net, because the 2012 overall financial result was a loss. Interest payments and deferred payments are hardly insignificant.

'For the 12-month period ending December 31, 2013, Aston Martin managed to sell approximately 4,200 cars worldwide, an increase of 11 percent on the previous year, and its profits came in at £84.8 million (approximately $142.6 million), up a substantial 22 percent on levels a year ago.'

[Neil1300r]

Looking at Hashluck's post I would guess it's EBITDA figures not gross.

[steveatesh]

Neil1300r said:

Looking at Hashluck's post I would guess it's EBITDA figures not gross.

Err Neil, imagine just for a moment that some of us don't actually knew what those initials mean, sadly we don't benefit from a glossary here? Unless you thought you were going on mumsnet where abbreviations are the norm of course

[DAMIT]

steveatesh said:

Neil1300r said:

Looking at Hashluck's post I would guess it's EBITDA figures not gross.

Err Neil, imagine just for a moment that some of us don't actually knew what those initials mean, sadly we don't benefit from a glossary here? Unless you thought you were going on mumsnet where abbreviations are the norm of course

earnings before interest, taxes, depreciation, and amortization

[peddersDB9]

http://en.wikipedia.org/wiki/Earnings_before_inter...

Raw value of earnings before things happen to the money!!

[Neil1300r]

steveatesh said:

Neil1300r said:

Looking at Hashluck's post I would guess it's EBITDA figures not gross.

Err Neil, imagine just for a moment that some of us don't actually knew what those initials mean, sadly we don't benefit from a glossary here? Unless you thought you were going on mumsnet where abbreviations are the norm of course

Thought everyone on here was a self made businessman with the majority in IT where EBITDA was invented - internet companies that never actually made money.

[F1 NDW]

No Neil, some make boxes to put all the "Directors" in after they have added the IDTA figures to their dreamed of income!

[Jon39]

I was pleased to hear about a sales increase from 3,800 to 4,200 cars. That follows quite a few years of decreases.

Cannot understand the Pre tax Profit of 84.8 million Pounds though.
In 2011 and 2012 the figures were losses of 21.2m and 24.6m.

Does the capital raising of 150 million, work through to a Profit and Loss account?

An actual real profit has been extremely rare for Aston Martin during the 100 years.
Maybe there will be another celebration for us all to enjoy.

[Neil1300r]

F1 NDW said:

No Neil, some make boxes to put all the "Directors" in after they have added the IDTA figures to their dreamed of income!

[Retman]

Neil1300r said:

Thought everyone on here was a self made businessman with the majority in IT where EBITDA was invented - internet companies that never actually made money.

Add OH to EBITDA for internet co's then you might get a +

[steveatesh]

peddersDB9 said:

http://en.wikipedia.org/wiki/Earnings_before_inter...

Raw value of earnings before things happen to the money!!

So, what your spending power is as a single bloke, versus your spending power when a woman comes into your life?

Ah right, now I can make sense of that!

[WildBob]

hashluck said:

Daimler AG will bring with it cutting edge electrical and electronic architecture expertise

Is this the same company who couldn't figure out how to get the tail lights to extinguish when shutting down the car...?

[PiloteAM]

Neil1300r said:

steveatesh said:

Neil1300r said:

Looking at Hashluck's post I would guess it's EBITDA figures not gross.

Err Neil, imagine just for a moment that some of us don't actually knew what those initials mean, sadly we don't benefit from a glossary here? Unless you thought you were going on mumsnet where abbreviations are the norm of course

Thought everyone on here was a self made businessman with the majority in IT where EBITDA was invented - internet companies that never actually made money.

Oi!

Um, well...

AML pretty much invented startup economics "we make a loss on every customer, but it's ok we'll sell lots!"

[Jon39]

PiloteAM said:

AML pretty much invented startup economics, "we make a loss on every customer, but it's ok we'll sell lots!"

~ Very good.

I found some figures showing decreasing Net Worth.
2008 Pounds minus 171.83 million.
2012 Pounds minus 259.448 million.

Don't panic though. It has all worked for 100 years so far !