Aston Martin Lagonda Global Holdings PLC (OTCPK:AMGDF)
$ 1.355 0.045 (3.44%) Market Cap: 1.22 Bil Enterprise Value: 2.67 Bil PE Ratio: 0 PB Ratio: 1.18 GF Score: 56/100
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Half Year 2020 Aston Martin Lagonda Global Holdings PLC Earnings Call Transcript

Jul 29, 2020 / NTS GMT
Release Date Price: $5.43 (+12.98%)
Lawrence S. Stroll
Aston Martin Lagonda Global Holdings plc - Executive Chairman

Good morning. And I hope you are all safe and well. I'm Lawrence Stroll, and thank you for joining the H1 Results of Aston Martin Lagonda. I'm pleased to be talking to you today for the first time since joining the business just over 90 days ago as Executive Chairman. It's been a busy 3 months. We have made excellent progress executing the initial key phases of our multiyear plan while managing the challenge presented by COVID-19.

My primary concern, of course, is the health and safety of our teams and partners. And I thank them, and I'm proud of their response in these uncertain times.

On trading, COVID-19 impacted operations with most of our dealers closed for much of the trading period. Despite this, we have made tremendous progress on the key phase of our plan. We are restoring exclusivity to our sports cars, rebalancing supply to demand, which in short term means lower wholesale volumes, but necessary for future success.

What has impressed me the most is that despite our dealers being closed, we

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