Revenue rises sharply

Aston Martin reported a 36% increase in revenue for the third quarter, reaching 388.7 million pounds sterling. This growth is largely due to a 39% rise in the average price of its vehicles, which now stand at 247,000 pounds per unit.

Valhalla drives the increase

The Valhalla, a rechargeable hybrid supercar with a central engine, is a key driver of the revenue growth. It is part of a limited special series and is sold at high prices, contributing significantly to the increase in average vehicle prices.

Future models in development

Aston Martin has announced plans for a Valhalla Spider, a convertible version of the Valhalla, with deliveries expected to start in the third quarter of 2027. The order book for this model is already full until the end of the year.

Pre-tax loss remains

Despite the revenue increase, Aston Martin reported a pre-tax loss of 77.1 million pounds for the quarter, down from a loss of over 111 million pounds a year earlier. The company's debt has also risen to nearly 1.6 billion pounds by the end of September.

Regional sales vary widely

In the United Kingdom, deliveries increased by 26% in the third quarter, while the Americas saw an 11% rise. However, deliveries in the Europe, Middle East, and Africa region, excluding the UK, fell by 20%, with only 373 cars delivered in France between July and September.

Stock management and price adjustments

Aston Martin has been helping dealers clear out stock, with sales to customers of series models exceeding deliveries to distributors by over 20% since January. This has led to a slight decline in the average price of series models over nine months.

Challenges ahead

The company faces several challenges, including a new quota system in the United States that affects customs duties and potential changes in China's tax on ultra-luxury cars. The Middle East conflict also impacts energy prices and supply chains.

Cost-cutting and revised investments

To address financial difficulties, Aston Martin plans to eliminate up to a fifth of its approximately 3,000 jobs, expecting savings of about 40 million pounds. The company has also revised its investment plans for the period up to 2030, reducing them to about 1.7 billion pounds from an original estimate of 2 billion pounds.