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Aston Martin Announces 2013 Financial Results

The British sports car maker turned over last year £519 million (approximately $872 or €629 million at current rates), which translates in a 13 percent revenue increase.
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When it comes to global retail volumes, the Gaydon-based manufacturer managed to sell circa 4,200 vehicles, representing an 11 percent increase over the year 2012.

As for earnings before interest, taxes, depreciation and amortization, the EBITDA indicator of financial performance rose 22 percent to £84.8 million (circa $142.5 or €102.8 million).

Commenting on the company's full year results for the twelve months ended on the 31st of December 2013, Aston Martin chief financial officer Hanno Kirner declared: "We made excellent progress on a number of fronts in 2013: growing our global sales, improving our EBITDA and building further on the company's strong brand as we celebrated our centenary around the globe."

The Aston Martin official also said that the British sports car maker will be implementing the biggest investment programme of its 101-year history, in order to prepare the ground for all-new, exciting models of the near future.

"Our strong ownership structure and strategic partnership with Daimler AG, finalised in December 2013, provides us with a solid foundation for the unprecedented investment programme that will underpin our future growth."

Kirner continued: "We are engineering a completely new architecture and technologies to ensure that our next generation of sports cars is at the forefront of design, performance and technology. The strategic partnership with Daimler AG will bring with it cutting edge electrical and electronic expertise, and the shared development of worldclass bespoke V8 powertrains."

In addition to the launch of the greatly anticipated Vanquish Volante and V12 Vantage S models in the fourth quarter of 2013, Aston Martin strengthened its existing dealer network by opening showrooms in new, prosperous markets like Mexico and Thailand.
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About the author: Mircea Panait
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After a 1:43 scale model of a Ferrari 250 GTO sparked Mircea's interest for cars when he was a kid, an early internship at Top Gear sealed his career path. He's most interested in muscle cars and American trucks, but he takes a passing interest in quirky kei cars as well.
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