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Aston Martin Lagonda Global Holdings PLC on Wednesday reported a narrowed first-quarter loss as improved margins offset a slight drop in cars sold. The Gaydon, Warwickshire-based luxury car manufacturer said its pretax loss narrowed to £65.5 million in the first quarter from £79.6 million a year prior. Revenue increased 16% to £270.4 million from £233.9 million, even as wholesale volumes ebbed to 939 from 950. Wholesale volumes declined 26% in the UK and 5% in Asia-Pacific, but they rose 11% in the Americas and 3% in Europe, Middle East & Africa. More than offsetting the decline in wholesale volume was an improved product mix, which drove a 17% increase in total average selling price, with gross margin improving to 34.7% from 27.9%. Total average selling prices rose 17% to £252,000 from £216,000, with vehicle sales totalling £237.8 million, up 16% from £205.7 million. Sale of parts increased 11%, servicing revenue rose 2.6% and brand & motor sport revenue improved 72% on-year. ‘Q1 2026 confirms that we are on track to deliver material financial improvement this year. In line with our full year guidance, Q1 2026 total wholesale volumes were similar to the prior year, while gross margin increased into the mid-30s driven by Valhalla deliveries and the benefits of our transformation programme,’ said Chief Executive Adrian Hallmark. Shares in Aston Martin were up 8.3% to 43.26 pence in London late Wednesday morning. The company said it expects to deliver ‘material’ improvement in full-year financial performance despite the ‘challenging’ economic backdrop. Guidance for the full-year remains unchanged for wholesale volumes to be similar to the prior year of 5,448, gross margin to improve into the high 30s percentage from 29% the year prior and for the adjusted earnings before interest and tax margin to ‘materially’ improve towards breakeven from minus 15% in 2025. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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