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Supply delays hampered roll-out of top-rung Aston Martin DBX 707
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Aston Martin has posted a profitable end to 2022, stirring hopes among investors and fans that the struggling luxury brand can turn around a prolonged loss-making spell.
The company made a narrow operating profit of £6.6 million for the final three months of 2022, boosted by a higher average selling price for its cars of £184,000, up from £152,000 last year, excluding specials.
A weaker pound helped Aston Martin during the year, although not enough to negate a sharp rise in operating expenses such as raw material costs. Overall, the company lost £118 million for 2022 as a whole, an increase on 2021’s figure of £76 million.
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