Will Aston Martin return to its former glory ?

AML

Aston Martin shares are down around 35% since the beginning of 2024. Shares continues to decline since august 2023 what´s around another 30% (65% from august 2023 till now). Aston Martin shares don´t look fresh even from wider perspective as you can see the historic chart.

Company itself has occurred in kind of transition since Lawrence Stroll became executive chairman in early 2020 with 16,7% stake in the company. Moreover he re-branded F1 team Racing Point as the Aston Martin F1 Team in 2021. He´s really into it.

Briefly about Aston Martin F1 Team 🏎️:
- Lawrence Stroll´s given his son every opportunity to become an F1 driver. He became a stable part of F1
- Stroll said Aston Martin sees its first victory in F1 this year
- building new Aston Martin factory

Company signed new CEO Adrian Hallmark as a part of transition. Former Chairman and CEO of Bentley Motors will replace Amedeo Felisa no later than 1st October 2024.

Aston Martin also announced the delivery of four new models in 2024 (Vantage, upgraded DBX707, V12 flagship sports car and more) which would power growth in the second half of the year and beyond.

All these news sounds good. ✔️ However the finances don´t look so great.
Aston Martin´s still BLEEDING. 💉

- widening losses in the first quarter due to stopped production of its core models ahead of a launch a new vehicles
- revenue fell 10% to 267.7£
- debt increased 20% to 1.04£
- wholesale volumes slumped by 35% in Americas, by 30% in the U.K., by 14% in Asia-Pacific and by 17% in the wider Europe, ME and Africa region

Will Aston Martin shine again ? Well, it seems that only time will tell us whether they´ll succeed

Fun fact:
Aston Martin officially opened new "Aston Martin Residences Miami", an ultra-luxury brand´s first real estate project.
You can read more about the project at official Aston Martin page.

Sources:
cnbc.com
astonmartin.com