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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Aston Martin Margin Jumps, Losses Persist
Aston Martin's gross margin leaped to 37.4% in the third quarter as Valhalla deliveries began, but the carmaker is still loss-making, and net debt has climbed to £1.57bn.
Aston Martin Lagonda (LSE: AML), the British luxury sports car maker, lifted its third-quarter gross margin to 37.4% from 29.0% a year earlier. Revenue rose 36% to £388.7m, its results statement showed today, even though wholesale volumes were flat at 1,431 against 1,430.
AML shares are up around 0.8% following the report.
AML.LSE
The change in model mix was large. The quarter included 127 Valhalla deliveries, against two Specials a year earlier, while core models, which exclude Specials, fell 9% to 1,304 from 1,428. The company said that reflects a more balanced production cadence it had guided to from the second quarter.
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Over nine months, gross profit rose 71% to £358.0m and gross margin reached 35.2% from 28.3%. Aston Martin credits more Specials and lower manufacturing costs, partly offset by dealer support and currency. Adjusted EBITDA, earnings before interest, tax, depreciation and amortisation, was £132.6m against £7.7m.
Aston Martin’s gross margin rose in both the third quarter and the first nine months of 2026 (Aston Martin results)
Losses persist. The nine-month loss before tax was £231.3m, against £252.7m, but the adjusted loss before tax widened to £283.0m from £237.0m. Adjusted net financing costs rose to £149m from £65m. Free cash outflow narrowed to £225.2m from £415.0m.
Net debt stood at £1,572.3m, up from £1,380.3m at the end of 2025. Adjusted net leverage, a gauge of debt against earnings, improved to 6.7x from 12.8x. On the 22nd of July the group closed £550m of financing priced at 6.75% over SONIA.
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Full-year guidance is unchanged, including about 500 Valhalla Coupes and a gross margin in the high 30s. Chief executive Adrian Hallmark said the year-to-date performance “demonstrates tangible and consistent progress towards the financial transformation of Aston Martin”, and expects momentum to continue into the fourth quarter.
Risks include possible US tariffs and changes to China’s ultra-luxury car taxes. Chief financial officer Doug Lafferty hosts an analyst call at 8:30am today, and the Valhalla Spider, unveiled today, is due from the third quarter of 2027.
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.
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