Aston Martin revenues raced 79% higher to £1.1bn in 2021 from £0.6bn in 2020 due to increased volume growth.
Wholesale volumes grew to 6178 units worldwide in 2021 from 3394 units in 2020.
The largest contributor to those figures was the North and South America with a 32.1% contribution followed by Asia Pacific at 29.5% in 2021.
“We have already delivered on many of our promises. Our core business has performed to plan in its first full year of new leadership, with our largest number of retail sales made by our dealers since 2007, despite the challenging global backdrop of COVID-19,” said Lawrence Stroll, Executive Chairman, Aston Martin.
“The evidence is there that our strategy is working, and it is a very long time since the core business was in such good health as it is today.”
Adjusted EBITDA swung from a £70m loss in 2020 to £137.9m profit in 2021.
The luxury car company’s operating loss has reduced from £322m to £76.5m in 2021, despite higher investments in the marketing and branding of the firm.
Goodwood Festival of Speed and Pebble Beach Concours d’Elegance resumed post the pandemic, along with F1 events and the new Bond film, No Time to Die, which represented branding occasions for the company.
The groups net debt saw an increase of of £165m to £891.6m in 2021 due to fluctuations in foreign exchange.
In terms of ESG, Aston Martin, like many, also committed to the science based targets of the Net-Zero initiative.
Tobias Moers, Chief Executive Officer, Aston Martin, said, “2021 was a pivotal year for Aston Martin, with our team rising to the collective challenge of setting ambitious new standards, elevating our business, our products and our brand.”
“While there remains hard work ahead of us, the last year has provided proof that Aston Martin can truly unleash potential.”
Aston Martin shares were up 2.5% to 880p on Monday’s opening trade with ongoing but reduced operating losses.