Aston Martin’s losses have doubled in 2022

During 2022, Aston Martin experienced a significant increase in losses, as the luxury automaker invested heavily in new models and navigated supply chain challenges that impacted the global car industry.

Despite a 26% increase in sales to £1.4bn, the UK-based company’s pre-tax loss ballooned to £495m from £214m in the previous year. Adjusted for some one-off costs, Aston Martin’s operating loss was £118m, which fell short of the anticipated £135m, according to analysts.

Aston Martin has struggled to recover since its ambitious listing on the London Stock Exchange in 2018, but a takeover by fashion tycoon Lawrence Stroll in 2020 aimed to boost the brand’s image and decrease its debt.

In 2022, Aston Martin sold 6,400 cars but experienced higher spending due to marketing, expensive new product launches, and inflation, while also investing £287m in new model development.

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