Post covid and Ukraine war18 May 2022 09:46
Some months ago, before AML gave their forecast for 2022, I projected £1.425 Billion turnover, based on maintaining 3,000 Sports/GT numbers and increasing DBX to approximately 3,800 with the inclusion of 707 and hybrid. With the unknowns of when the Ukraine war will end and major cities in China reopen, I have difficulty in calculating how these figures may be affected.
I read however, that China is wanting to come out of lockdown by the middle of June, plus interestingly, as I mentioned a few days ago, Bentley calculate there will be a 30% increase in premium luxury SUV sales by the end of the decade.
Aston Martin have the advantage of a strong order book and that gives them flexibility to target production to markets unaffected by the closure problems in China. How long the madness in the Ukraine will last is sadly unknown.