{"id":133548,"date":"2024-02-28T12:51:18","date_gmt":"2024-02-28T11:51:18","guid":{"rendered":"https:\/\/luxus-plus.com\/aston-martin-fine-performances-in-2023-but-challenges-to-be-met-in-2024\/"},"modified":"2024-02-28T13:07:08","modified_gmt":"2024-02-28T12:07:08","slug":"aston-martin-fine-performances-in-2023-but-challenges-to-be-met-in-2024","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/aston-martin-fine-performances-in-2023-but-challenges-to-be-met-in-2024\/","title":{"rendered":"Aston Martin: fine performances in 2023 but challenges to be met in 2024 <img class=paid src=\/paid.png>"},"content":{"rendered":"<h4>The famous luxury automaker posted a significant increase in sales and a significant reduction in losses, thanks to a strategy focused on customized vehicles and &#8220;record&#8221; prices. But the group&#8217;s debt continues to rise, while Aston Martin faces a delay in its electrification program, pushing back the planned launch of its first battery-electric vehicle by a year.<\/h4>\n<p><!--more--><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Aston Martin<\/strong> goes amber. On Wednesday, February 28, the British carmaker announced a significant reduction in its losses for the past year, reflecting a strategy focused on moving upmarket towards customized vehicles and &#8220;record&#8221; prices.<\/p>\n<p>&nbsp;<\/p>\n<p>Published figures reveal an <strong>18%<\/strong> increase in sales to \u00a31.6 billion (approx. <strong>\u20ac1.87 billion<\/strong>), mainly driven by price increases and slightly higher volumes, notably thanks to the success of iconic models such as the <a href=\"https:\/\/luxus-plus.com\/en\/aston-martin-presents-its-new-model\/\"><strong>DB12<\/strong> launched in 2023<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>Despite the significant improvement, the pre-tax loss was still \u00a3240 million (<strong>\u20ac280 million<\/strong>), after the \u00a3495 million (<strong>\u20ac578 million<\/strong>) of 2022. This performance exceeded market expectations, with an adjusted pre-tax loss of \u00a3171.8 million (<strong>\u20ac200.8 million<\/strong>), against analysts&#8217; average estimate of \u00a3209 million (<strong>\u20ac244.3 million<\/strong>).<\/p>\n<p>&nbsp;<\/p>\n<p>Despite this progress, Group debt increased by <strong>6%<\/strong> to \u00a3814 million (<strong>\u20ac951.6 million<\/strong>).<\/p>\n<p>&nbsp;<\/p>\n<h2>Reducing debt and pursuing electrification<\/h2>\n<p>&nbsp;<\/p>\n<p>Aston Martin is staying on course with its long-term objectives. It is targeting sales of \u00a32.5 billion (<strong>\u20ac2.92 billion<\/strong>) by 2027\/2028, a substantial reduction in debt and a margin of around <strong>45%<\/strong>, compared with <strong>39%<\/strong> last year.<\/p>\n<p>&nbsp;<\/p>\n<br \/>\n<br \/>\n\t\t<section data-elementor-type=\"section\" data-elementor-id=\"113401\" class=\"elementor elementor-113401 elementor-101048\" data-elementor-post-type=\"elementor_library\">\n\t\t\t<div class=\"elementor-element elementor-element-6ff873b e-flex e-con-boxed e-con e-parent\" data-id=\"6ff873b\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-c7d49f1 e-con-full e-flex e-con e-child\" data-id=\"c7d49f1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7c73fc5 elementor-widget 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data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1297\" height=\"206\" src=\"https:\/\/luxus-plus.com\/wp-content\/uploads\/2020\/03\/logoooo.png\" class=\"attachment-full size-full wp-image-26712\" alt=\"\" srcset=\"https:\/\/luxus-plus.com\/wp-content\/uploads\/2020\/03\/logoooo.png 1297w, https:\/\/luxus-plus.com\/wp-content\/uploads\/2020\/03\/logoooo-300x48.png 300w, https:\/\/luxus-plus.com\/wp-content\/uploads\/2020\/03\/logoooo-1024x163.png 1024w, https:\/\/luxus-plus.com\/wp-content\/uploads\/2020\/03\/logoooo-768x122.png 768w, https:\/\/luxus-plus.com\/wp-content\/uploads\/2020\/03\/logoooo-1536x244.png 1536w, https:\/\/luxus-plus.com\/wp-content\/uploads\/2020\/03\/logoooo-2048x326.png 2048w, https:\/\/luxus-plus.com\/wp-content\/uploads\/2020\/03\/logoooo-750x119.png 750w\" sizes=\"(max-width: 1297px) 100vw, 1297px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-470d562 elementor-widget__width-auto elementor-widget elementor-widget-text-editor\" data-id=\"470d562\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Become an active member of the community of luxury leaders.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7cccfb5 elementor-widget elementor-widget-image\" data-id=\"7cccfb5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1280\" height=\"680\" src=\"https:\/\/luxus-plus.com\/wp-content\/uploads\/2024\/04\/luxus-abonnement-papier.webp\" class=\"attachment-full size-full wp-image-137641\" alt=\"\" srcset=\"https:\/\/luxus-plus.com\/wp-content\/uploads\/2024\/04\/luxus-abonnement-papier.webp 1280w, https:\/\/luxus-plus.com\/wp-content\/uploads\/2024\/04\/luxus-abonnement-papier-300x159.webp 300w, https:\/\/luxus-plus.com\/wp-content\/uploads\/2024\/04\/luxus-abonnement-papier-1024x544.webp 1024w, https:\/\/luxus-plus.com\/wp-content\/uploads\/2024\/04\/luxus-abonnement-papier-768x408.webp 768w, https:\/\/luxus-plus.com\/wp-content\/uploads\/2024\/04\/luxus-abonnement-papier-480x255.webp 480w, https:\/\/luxus-plus.com\/wp-content\/uploads\/2024\/04\/luxus-abonnement-papier-750x398.webp 750w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/section>\n\t\t<br \/>\n<\/p>\n<p>&nbsp;<\/p>\n<p>Read also&gt;<a href=\"https:\/\/luxus-plus.com\/en\/automobile-aston-martin-unveils-a-new-110-piece-exclusive-model-for-its-110-years\/\">AUTOMOBILE: ASTON MARTIN UNVEILS A NEW 110-PIECE EXCLUSIVE MODEL FOR ITS 110 YEARS<\/a><\/p>\n<p>Featured photo : \u00a9 Aston Martin<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The famous luxury automaker posted a significant increase in sales and a significant reduction in losses, thanks to a strategy focused on customized vehicles and &#8220;record&#8221; prices. But the group&#8217;s debt continues to rise, while Aston Martin faces a delay in its electrification program, pushing back the planned launch of its first battery-electric vehicle by a year.<\/p>\n","protected":false},"author":513,"featured_media":133542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"The famous luxury automaker posted a significant increase in sales and a significant reduction in losses.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"both","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"","footnotes":""},"categories":[1964,24,5874],"tags":[23653,24003,22968,23046,22419,23009],"class_list":["post-133548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brand-strategy","category-business","category-innovation-en","tag-abonnes-en","tag-automobile-en","tag-economy","tag-finance-en","tag-news-en","tag-results"],"_links":{"self":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/133548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/users\/513"}],"replies":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/comments?post=133548"}],"version-history":[{"count":0,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/133548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media\/133542"}],"wp:attachment":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media?parent=133548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/categories?post=133548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/tags?post=133548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}