Aston Martin recorded a revenue of £876m during the year of 2017 which is an increment of a whopping 48% from 2016. Pre-tax profit for the year 2017 is £87m which reverses a pre-tax loss of £163m in 2016. In other words, Aston Martin increased their profit by a staggering £250m which made Aston Martin a profitable company after years of losses!
The increased sales revenue is mainly due to a 58% jump on global retail sales to 5,117 units from 3,229 units in 2016. Under Aston Martin’s second century plan act, they are planning to invest in a brand new state of the art factory located at St Athan in Wales that is due to open in 2019.
Leading brand valuation experts Brand Finance have named Aston Martin was named the fastest growing brand by leading brand valuation experts Brand Finance in its 2018 Auto 100 table, with its brand value growing at a mind-boggling 268% in value over the last year.
Mark Wilson, Executive Vice President and Chief Financial Officer, concluded: “This has been another landmark financial year for Aston Martin, creating a solid foundation for future growth. As part of our ongoing development strategy, we continue to consider a range of strategic options for the future of the Group, including the potential for an IPO. We remain focused on delivering our plans for 2018 and beyond.”
2017 has been an extraordinary year for Aston Martin with their successful turn around from a non profitable company to a profitable company once again. Let’s hope that Aston Martin will emulate the same magnitude of achievement in 2018!