The sports car company has struggled with high debts since it was re-listed on the stock market as an independent business in 2018. Nevertheless, losses rose to £495m in 2022, up from £214m a year earlier, as interest payments on its £700m debt pile climbed. Last year it sold 6,412 vehicles.įinance chief Doug Lafferty said he was “very confident” of meeting its 2025 goals. The company said its next generation of sports cars and limited edition luxury cars will have profit margins of 40pc in a bid to return the company to profitability.Īs a result, the car maker said it should hit its 2025 target with sales of just 8,000 cars a year, down from a previous target of 10,000. The Warwickshire-based business is aiming for £2bn in sales by 2025 and £500m of earnings before interest payments, write offs to old machinery and tax. Half the cars sold last year were DBX SUVs and Aston Martin said this model will be key to future growth. The higher-than-expected completion numbers helped boost sales last year, which rose 26pc.

The company delivered 80 of its Valkyries last year, up from 10 in 2021 in a sign that production problems are easing. 80pc of the sports cars and GT models, like the Vantage and DBS, that Aston will produce this year are also pre-sold. The £2.5m vehicles have the same high-end specifications of a Formula 1 track car.Īston Martin said it would be focusing on more luxury vehicles such as these – including a special, limited edition car to commemorate the company's 110th anniversary this year – as a turnaround effort under executive chairman Lawrence Stroll enters its fourth year.Īll the DBX sports utility vehicles that Aston Martin plans to manufacture until autumn are already pre-sold. The luxury car marque said it had already pre-sold many of the sports cars it plans to make this year as it reported better than expected production numbers for its Valkyrie hypercars. Aston Martin is betting that a combination of high-margin supercars and its best-selling SUV will help it put an end to years of losses, including a £495m deficit last year.

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