TIDMAML

RNS Number : 8880Q

Aston Martin Lagonda Global Hld PLC

30 June 2022

30 June 2022

Aston Martin Lagonda Global Holdings plc

Statement Regarding Media Commentary

Aston Martin Lagonda (the "Company") notes recent movements in its share price and media speculation regarding prospective fundraising efforts.

The Company continues to trade in line with expectations for full year 2022 and reaffirms its financial guidance for full year 2022, subject to movements in FX rates, as provided at First Quarter results on 4 May 2022.

Order books are robust and have strengthened further in recent months, with sports cars sold out into 2023 and order intake for DBX more than 40% higher than the previous year. In addition, Aston Martin Valkyrie production continues to pick up pace. The Company is delighted with the customer and market reaction to new model derivatives and its recently enhanced management team are increasingly focussed on new model launches from 2023 onwards.

As noted at the Full Year 2022 results on 23 February 2022 and Annual General Meeting on 25 May 2022, the Company regularly keeps its funding options under review. Any funding option, if explored and executed, would be to support and accelerate the Company's future growth.

Enquiries

 
 Investors and Analysts 
 Sherief Bakr      Director of Investor Relations     +44 (0)7789 177547 
                                                       sherief.bakr@astonmartin.com 
 Holly Grainger    Deputy Head, Investor Relations    +44 (0)7442 989551 
                                                       holly.grainger@astonmartin.com 
 Media 
 Kevin Watters     Director of Communications         +44 (0)7764 386683 
                                                       kevin.watters@astonmartin.com 
 Paul Garbett      Head of Corporate and Brand        +44 (0)7501 380799 
                    Communications                     paul.garbett@astonmartin.com 
 Grace Barnie      Corporate Communications           +44 (0)7880 903490 
                    Manager                            grace.barnie@astonmartin.com 
 Tulchan Communications 
 Harry Cameron and Simon Pilkington                   +44 (0)20 73534200 
 

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END

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June 30, 2022 10:31 ET (14:31 GMT)

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