Aston Martin Lagonda Global Holdings PLC

AML

Equity

ISIN GB00BN7CG237 / Valor 58426745

LSE London Stock Exchange, SETS (2026-06-03)

GBP 0.42-7.76%

Aston Martin Lagonda Global Holdings PLC
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About company

Aston Martin Lagonda Global Holdings PLC, headquartered in Gaydon, England, is a prestigious manufacturer of luxury and sports cars, with a rich heritage dating back to the early 20th century. The company, which is listed on the London Stock Exchange, operates globally, exporting vehicles to 55 countries. Its product lineup includes the renowned sports cars manufactured in Gaydon and the luxury DBX SUV range produced in St Athan, Wales. Aston Martin, founded in 1913, and Lagonda, established in 1899, were unified under the leadership of Sir David Brown in 1947. The brand is celebrated for its blend of style, luxury, performance, and exclusivity, crafting vehicles that incorporate advanced technology with traditional craftsmanship. Among its critically acclaimed models are the Vantage, DB11, DBS, and DBX, alongside its first hypercar, the Aston Martin Valkyrie. The company's operations and governance are overseen by the Corporate Officer team, ensuring the brand's legacy of excellence continues to thrive in the global automotive industry.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue and margins

Revenue: £270.4m (Q1 2025: £233.9m, +16%). Gross profit: £93.9m (+44%); gross margin improved to 34.7% (up 680bps) driven by Specials/Valhalla deliveries and transformation cost benefits.

Volumes and ASP

Total wholesale volumes: 939 (Q1 2025: 950, -1%). Core wholesale 836 (-11%). Specials 103 (vs 14 prior year). Valhalla deliveries: 102 in Q1; company guides to c.500 Valhalla deliveries in FY 2026. Total ASP £252k (+17%); core ASP £179k (-7%) reflecting targeted dealer support to clear aged stock.

Profitability trends

Adjusted EBITDA: £23.2m (Q1 2025: £(4.4)m). Adjusted EBIT: £(56.9)m (improved 12% vs prior). Operating loss narrowed to £(8.9)m from £(67.3)m. Adjusted loss before tax widened to £(114.3)m reflecting higher adjusted net finance costs largely from FX revaluation of US dollar debt.

Cash flow, liquidity and debt

Free cash outflow Q1: £116.8m (prior year £120.3m). Cash balance at 31 Mar 2026: £177.4m; total cash + available facilities £177.7m. Pro‑forma liquidity c. £230m after a new £50m committed facility and sale of F1 naming rights. Net debt: £1,459.2m (31 Mar 2026), adjusted net leverage 10.8x (LTM).

Capex and working capital

Capex £61m (Q1 2025: £90m) focused on future product pipeline. Working capital outflow £63m primarily due to +£42m inventories (ramping DB12 S and Valhalla), +£14m receivables and reduced deposits; company expects materially improved free cash flow for FY 2026 versus FY 2025.

Guidance and outlook

FY 2026 guidance unchanged: total wholesale volumes expected similar to FY 2025 (5,448). Targets include gross margin improving into the high 30s%, adjusted EBIT moving towards breakeven, adjusted D&A c. £375–£400m, net interest ~£150m, capex c. £300m, and materially improved free cash outflow vs FY 2025 (£410m outflow).

Key risks and operational notes

Management flags macro/geopolitical risks (notably the Middle East conflict), supply‑chain and tariff/quota uncertainty (U.S. tariff quota mechanism for UK imports) that add forecasting complexity and may affect timing of U.S. imports and production scheduling. Management will retain operational discipline and monitor developments.

Summarized from source with an LLMView Source

Key figures

-49.4%1Y

-84.7%3Y

-94.7%5Y

Performance

52.8%1Y

54.2%3Y

62.7%5Y

Volatility