Aston Martin reports a significant reduction in pre-tax losses and increased revenue in Q3 2024, driven by higher wholesale volumes and a strategic focus on cost management and quality.
Aston Martin 's pre-tax loss was 90 percent lower during its latest financial period, boosted by a rise in wholesale volumes . The Warwickshire-headquartered luxury car maker has reported a pre-tax loss of £12.2m for its third quarter, down from the £117.6m loss it posted during the same three-month period in 2022. New figures filed with the London Stock Exchange also show that Aston Martin ’s revenue increased by eight percent to £391.6m over the same period.
“We recently launched Vanquish, successfully completing the most diverse, dynamic and desirable portfolio in the luxury segment. “Recent media reviews of our V12 flagship highlights the strength of Aston Martin’s products, which now truly align with our ultra-luxury high performance strategy. “Long-term value creation and sustainable growth are key priorities as we look forward to Q4 2024 and beyond.
Financial Results Q3 2024 Pre-Tax Loss Revenue Wholesale Volumes Luxury Car Market Supply Chain Disruption
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