While many businesses had been hurt badly by the tough economic times, some of which have never recovered, British luxury and sports car manufacturer Aston Martin is thriving.
The company just released its full year results for the 12-months ending on December 31, 2011 and are happy to report that the numbers are in the black.
Aston Martin’s revenues increased by 7 percent, to $817.3-million, its highest since 2008. Aston’s earnings before interest,taxes, depreciation and amortization (EBITDA) works out to be $112.8-million.
Aston Martin managed to make this profit by shifting 4200 vehicles in these 12-months, which also included selling all 77-examples of the One-77 supercar.
“Our 2011 results demonstrate the energy, passion and ongoing resilience of Aston Martin – a truly unique, independent manufacturer. We are on track with our expansion plans around the world, especially in China, and are investing in new models,” said Aston Martin’s CEO Dr. Ulrich Bez.
The Aston Martin brand is stronger than ever. This is demonstrated by intense interest in the new V12 Zagato, recently shown at the Geneva Motor Show, and our $1.93-million One-77 supercar – all 77 of which are now sold.”
Aston Martin has also accrued $122-million in projected sales since last months Geneva Motor Show, so the future is looking very bright indeed.
While many car enthusiasts have complained in recent years that Aston Martin has not come out with an all-new car in quite some time (apart from the mega-bucks One-77), it seems those who can afford such high-priced items are buying them and the people running the company know what they are doing.