Aston Martin declares record Half Year PROFIT as revenue DOUBLES

Aston Martin has revealed record half year profits, with a big rise in deliveries, big jump in average sale price and revenue doubled over 2016.

Aston Martin has, traditionally, been a way to lose money for whoever has owned it, with the pain only softened by building some of the coolest cars the world has ever seen.

But it seems Aston Martin are actually starting to get things properly right, with cool cars – like the new DB11 – still coming, but profits arriving too.

In the first six months of 2017, AML managed to double its revenue to £410.4 million, increase volumes by 67 per cent to 2,439 cars and deliver a pre-tax profit of £21.1 million, compared to a loss of £82.2 million in the same period of 2016.

Those figures have been driven by the arrival of the new DB11, which has seen the average spend on an Aston rise to £149,000 – a 25 per cent jump.

It’s also been helped by selling special editions (which aren’t included in the average sale price figure) like the Vanquish Zagatos, and the news gets better when you see that £15.2 million of that profit came from Q2 figures.

Andy Palmer, Aston CEO, said:

Aston Martin is accelerating financially with our third successive quarter of pre-tax profit. Our improving performance reflects rising demand for our new DB11 model, as well as for special edition vehicles and the ongoing benefits from our Second Century transformation plan.

With the V8 DB11 just arriving, the Valkyrie on its way, the DBX SUV and the electric RapideE in the pipeline and the AMG-engined Vantage due, things are looking very promising for Aston Martin.