RE: DB12 delay/problems25 Nov 2023 22:36
THE WORLD’S FIRST SUPER TOURER
DB12. Redefining and reinventing what it means to be a tourer.
Just 3 weeks ago:
Amedeo Felisa (Chief Executive Officer, Aston Martin Lagonda): “So we had some issues on software but everything now is fixed “
Doug Lafferty: Chief Financial Officer, Aston Martin Lagonda:“ Q4 being a very rich mix. So as I just said we’re expecting the continuation of the Valkyrie programme deliveries in Q4, the initial deliveries of the Valour and deliveries of the DBR22. “
“ So we’ve seen really nice gross margin momentum as we’ve come through this year and I expect that to continue running into Q4 and into 2024. And to a larger extent driven by ASP dynamics that we expect to evolve.”
“ So no this slight interruption that we’ve experienced on the DB12 doesn’t materially impact anything as relates to the sort of profile of delivery in Q4 or what we’re expecting to do in 2024.”
“ positive free cash flow for Q4”
“ I would say as we run into 2024 our plans are still very much as they were. And we’ve talked this year about our intention to substantially deliver on our prior mid-term guidance, which is the £2 billion of revenue and the £500 million of EBITDA. And that plan remains what we’re aiming to deliver for next year. So no this slight interruption that we’ve experienced on the DB12 doesn’t materially impact anything as relates to the sort of profile of delivery in Q4 or what we’re expecting to do in 2024.”
EVO: “The DB12 marks the beginning of a new chapter for Aston Martin, delivering a more focused, luxurious take on the long-distance GT. “
Looking very positive.
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