Aston Martin back in the black in 2017

Growing sales helps Aston Martin bottom line

aston martin db11 2017

Aston Martin is enjoying the benefits of increased global sales on the businesses profit and loss statement.

The British sports car maker, who has seen some very dark periods over the years, has just reported a profit for the first half of 2017 of $31.75 million Australian dollars.

Related: Aston Martin to go electric in 2019

The result is a marked improvement on the $128.8 million-dollar loss suffered in the same period last year.

Revenue, on the back of the increase in vehicle sales, increased to $617.4 million-dollars, a jump of around $100 million-dollars.

Across the first half of 2017, global wholesale volumes for Aston Martin increased by 67% to 2,439 vehicles.

The stronger demand primarily coming from the UK, mainland Europe, the Americas and China.

While the average selling price per model jumped 25% to $225,000 – primarily driven by interest in the DB11.

Sales are also up in Australia.

Until the end of July, VFACTS data shows Aston Martin delivered 87 cars to Australian buyers, a jump of 17 cars, or 24%, on the same period last year.

Dr Andy Palmer, Aston Martin President and CEO, welcomed the improved sales and financial results.

“Aston Martin is accelerating financially with our third successive quarter of pre-tax profit.

“Our improving performance reflects rising demand for our new DB11 model, as well as for special edition vehicles and the ongoing benefits from our Second Century transformation plan.”

Related: 395kW V8 for Aston Martin DB11

Stay up to date with the latest Aston Martin News at behindthewheel.com.au.




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