Feb 23, 2022 / NTS GMT
Tobias Moers - Aston Martin Lagonda Global Holdings plc - CEO & Executive Director
Good morning, everyone. Before I hand over to Ken for a financial review of the year, I want to provide a high-level review of the overall performance of the company last year. 2021 was a year of extraordinary progress for Aston Martin. Executing on Project Horizon, we made considerable changes throughout the company and are now operating as an ultra-luxury brand.
There have been 3 key catalysts for the improved performance. First of all, we successfully rebalanced front-engine supply to demand early in the year and have become a truly retail-driven business, with retails outpacing wholesales by a significant margin. We delivered over 6,000 core wholesales in line with our plan. And this, combined with historically high pricing, led to a near doubling of revenue. Our adjusted EBITDA improved significantly, delivering a 13% margin and free cash flow showed a considerable improvement as Ken will explain shortly.
On the product side, we launched and delivered exciting new additions to our breathtaking product
Preliminary Q4 2021 Aston Martin Lagonda Global Holdings PLC Earnings Call Transcript
Feb 23, 2022
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