Aston Martin returns to profit in Q1

[RobDown]

http://www.bbc.co.uk/news/business-40029096

A good result, hopefully they'll see more progress as the new model launches roll through

[Jon39]

The DB11 sales are making a big difference.

Pleased to see they are stating Pre-tax Profit, and not the current fashion (smoke and mirrors) EBITDA.

With Revenue at £188 million, and Pre-tax Profit at £5.9 million (margin 3.1%), I won't get excited yet, but early days and going in the right direction.

Good to see that they are playing down talk of a listing. That can be a cruel world, where investors (not the gamblers) want consistent long-term profitability.

[GingerMunky]

Great news, hope this continues for years supported by all the new models.

[Mr.Tremlini]

Good news for everybody who frequents these pages. Unfortunate the that the BBC shows an Image of an AMR Vantage and captions it as a Aston Martin Rapide AMR.
That`s the journalist in me...

[nickv8]

That's very encouraging - thanks for posting Rob

I think that making this level of profit is even more impressive as AM must still be working through a very high R&D expenditure cycle with all the new models in progress, along with new facilities.

[AdamV12V]

Mr.Tremlini said:

Good news for everybody who frequents these pages. Unfortunate the that the BBC shows an Image of an AMR Vantage and captions it as a Aston Martin Rapide AMR.
That`s the journalist in me...

To be 100% accurate the picture is actually of an AMR Vantage Pro...

[jonby]

AdamV12V said:

Mr.Tremlini said:

Good news for everybody who frequents these pages. Unfortunate the that the BBC shows an Image of an AMR Vantage and captions it as a Aston Martin Rapide AMR.
That`s the journalist in me...

To be 100% accurate the picture is actually of an AMR Vantage Pro...

To be 100% accurate it's actually a Vantage AMR Pro :-)

[Jon39]

AdamV12V said:

Mr.Tremlini said:

Good news for everybody who frequents these pages. Unfortunate the that the BBC shows an Image of an AMR Vantage and captions it as a Aston Martin Rapide AMR.
That`s the journalist in me...

To be 100% accurate the picture is actually of an AMR Vantage Pro...

This is slightly awkward for me now, because I would never use the mathematically incorrect expression, 'I will give 110%'.
A politician (no names) might have started that trend.

Anyway to (hopefully) be 100% accurate, Aston Martin Vantage AMR Pro.
Presumably the brand is AMR, the version of the brand is Pro, and the car model is Vantage.

[jonby]

Jon39 said:

Anyway to (hopefully) be 100% accurate, Aston Martin Vantage AMR Pro.
Presumably the brand is AMR, the version of the brand is Pro, and the car model is Vantage.

Almost :-)

Aston Martin is the brand

AMR is a sub-brand

The model in this instance is the Vantage AMR Pro

Their will be two tiers of AMR sub-brand products, one simply known as AMR and one being AMR Pro, although not all models will get both an AMR and an AMR Pro version

[avinalarf]

£5.9 mil.....peanuts....I make that on a quiet afternoon.
Nevertheless good luck to them...to infinity and beyond.

[spyker138]

Great news. Let's hope they see the merits of being a profitable niche player and avoid the temptation to build more capacity and (guess what) get into trouble (again) in the next downturn just as their models become a bit less new and sexy.

Technology driven innovation (3D printing, CNC etc) should make short run special vehicles more viable so I'd like to see them not grow volumes at all but maintain margins, exclusivity, demand and resale values as they are. If anything become a little more exclusive, have less flashy but more enthusiastic marque dealers etc.

I worry that the Welsh SUV adventure will end in tears, and drag us all down with it.