Aston Martin turns over £519 million in 2013
Aston's pre tax profits up to £84.8 million, while a 'completely new architecture' and an 'unprecedented investment programme' are underway
Aston Martin has announced its financial results for 2013, revealing revenue for the brand increased by 13 per cent last year up to £519 million. The growth was supported by growing global sales and an expanding dealer network, with entrances into new markets such as Mexico and Thailand also contributing.
The record year was also marked with the brand celebrating its 100th anniversary. Global sales in 2013 rose by 11 per cent year on year to 4,200, with EBITDA up also up by 22 per cent to £84.8 million. A full year of sales for the new Vanquish Coupe also supported growth, with the Vanquish Volante and V12 Vantage S also proving popular.
Aston Martin has also recently announced a tie-up with Mercedes AMG, which will see the two brands develop bespoke V8 engines for the next-generation of Aston Martins.
Aston Martin Chief Financial Officer, Hanno Kirner stated, “Our strong ownership structure and strategic partnership with Daimler AG, finalised in December 2013, provides us with a solid foundation for the unprecedented investment programme that will underpin our future growth.”
Kirner continued: “We are engineering a completely new architecture and technologies to ensure that our next generation of sports cars is at the forefront of design, performance and technology. The strategic partnership with Daimler AG will bring with it cutting edge electrical and electronic expertise, and the shared development of world-class bespoke V8 powertrains.”
Elsewhere at Aston, the brand is yet to appoint a new CEO after Dr. Ulrich Bez stepped down from the role late last year.