£1.6bn Wiped Out From Aston Martin Since October 2018

£1.6bn Wiped Out From Aston Martin Since October 2018

£1.6bn Wiped Out From Aston Martin Since October 2018

This included a 31 per cent jump in China, a 38 per cent increase in the Americas, a 17 per cent surge in the United Kingdom and a 13 per cent rise in EMEA, excluding the UK.

The automaker, which floated on the London Stock Exchange previous year, reported 136 million pounds of one-off costs due to its initial public offering, pushing it to a reported pre-tax loss of 68 million pounds.

It sold 6441 units in 2018, up from 5098 the previous year, aided by the introduction of the new Vantage, DBS Superleggera and special editions of the Vanquish Zagato Shooting Brake, Vanquish Zagato Speedster and DB4 GT Continuation.

Sales by value were up by 25% to £1.1bn.

While the DBX waited outside No. 10, Aston Martin Lagonda president and group chief executive officer, Dr Andy Palmer attended a reception hosted by Prime Minister Theresa May, and attended by the Secretary of State for Wales, Alan Cairns.

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He added the group was navigating "uncertainties and disruption impacting the wider auto industry".

"Bringing 700 jobs and investment to the region and providing a new home for Aston Martin's cutting-edge electric technology, the St Athan plant will ensure that the United Kingdom remains a world leader in the future of transport".

For 2019, the company guided volumes higher compared to a year ago, in a range of 7,100 to 7,300; adjusted EBITDA margin lower at 24% and adjusted EBIT margin lower at 13%. "Whilst we are mindful of the uncertain and more challenging external environment, particularly in the United Kingdom and Europe, we remain disciplined in our execution and maintain our guidance for financial year 2019, whilst also reconfirming our medium-term objectives".

However, Aston Martin's cash deficit could force it to come to investors for more funding, he warned.

The company said that if some one-time pension-related credits were stripped out of 2017's figures, adjusted pre-tax profit would have risen in 2018. Shares fell 9% on Thursday morning trading, the company warned that underlying earning could be lower for the first half of 2019. "Well it did post record revenue of more than £1bn with volumes ahead of guidance, but today's negative market reaction suggests it has a lot more to do to win over the sceptics". For 2020, the ratios move to 17.4x, 2.25x and 14.2x respectively - a large discount to Ferrari's 27.2x, 5.6x and 20.8x respectively.

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