Q1 2024 Aston Martin Lagonda Global Holdings PLC Earnings Call Transcript

May 01, 2024 / 07:30AM GMT
Douglas Lafferty - Aston Martin Lagonda Global Holdings plc - Chief Financial Officer, Director

Good morning, everyone. Thank you very much for joining Aston Martin Lagonda first quarter 2024 results Q&A call. Only a few weeks ago at our 2023 full year results, we laid out a clear and exciting plan to transition from our previous range of core models to an entirely new and reinvigorated range by the end of 2024, building on our 111 year history. This new cool range alongside our program of specials uniquely positions, Aston Martin transcending the ultra-luxury and high performance markets and supports the delivery of our demand-led growth strategy into 2025 and beyond.

Performance in the first quarter of 2024 was in line with our expectations and reflects the planned period of transition. Our portfolio transformation remains on track as we ceased production and delivery of outgoing coal models ahead of the ramp-up in production of three new cool vehicles this year. In addition to our next Ultra exclusive special.

Given we remain on track, we are reiterating our 2024 guidance and

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