Aston Martin Lagonda Global Holdings plc (GB:AML) has released an update.
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Aston Martin Lagonda reports a challenging first half of 2024 with wholesale volumes down 32% and revenue decreased by 11%, as the company transitions its core portfolio and ramps up for new model launches. Gross profit remained steady due to strong Specials sales, with expectations of positive cash flow and significant growth in the second half of the year. The luxury carmaker remains confident in meeting its 2024 financial targets and strategic goals, backed by an anticipated increase in wholesale volumes and improved profitability.
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