Preliminary Q4 2021 Aston Martin Lagonda Global Holdings PLC Earnings Call Transcript
Good morning, everyone. Before I hand over to Ken for a financial review of the year, I want to provide a high-level review of the overall performance of the company last year. 2021 was a year of extraordinary progress for Aston Martin. Executing on Project Horizon, we made considerable changes throughout the company and are now operating as an ultra-luxury brand.
There have been 3 key catalysts for the improved performance. First of all, we successfully rebalanced front-engine supply to demand early in the year and have become a truly retail-driven business, with retails outpacing wholesales by a significant margin. We delivered over 6,000 core wholesales in line with our plan. And this, combined with historically high pricing, led to a near doubling of revenue. Our adjusted EBITDA improved significantly, delivering a 13% margin and free cash flow showed a considerable improvement as Ken will explain shortly.
On the product side, we launched and delivered exciting new additions to our breathtaking product
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |