June 26 (Reuters) – Aston Martin Lagonda Global Holdings PLC :
* ASTON MARTIN – COVID-19 IMPACTING Q2, AS EXPECTED WITH LOWER RETAIL SALES AND WHOLESALES
* ASTON MARTIN – ST ATHAN SCALED UP AND DBX PRODUCTION STARTED
* ASTON MARTIN – MORE THAN 90% OF DEALER NETWORK NOW OPEN
* ASTON MARTIN – MORE THAN 90% OF DEALER NETWORK NOW OPEN
* ASTON MARTIN – TAKEN DECISIVE ACTION TO IMPROVE COST EFFICIENCY
* ASTON MARTIN – FOR FULL YEAR TOTAL WHOLESALES ARE CURRENTLY EXPECTED TO BE BROADLY EVENLY BALANCED BETWEEN SPORTS CARS AND DBX.
* ASTON MARTIN – TESTING AND DEVELOPMENT OF ASTON MARTIN VALKYRIE HAS RESUMED AFTER COVID-19 RELATED CLOSURE OF TEST FACILITIES
* ASTON MARTIN – RETAIL SALES (DEALER SALES TO CUSTOMERS) AND WHOLESALES ARE EXPECTED TO BE LOWER IN Q2 THAN IN Q1
* ASTON MARTIN – AT 31 MAY 2020, CASH WAS £244M AND NET DEBT £883M (INCLUDING LEASE LIABILITIES OF £109M
* ASTON MARTIN – DISCUSSIONS ARE ALSO ONGOING TO SECURE UP TO £50M OF TRADE FINANCING IN ADDITION TO INVENTORY FINANCING ARRANGEMENTS CURRENTLY IN PLACE
* ASTON MARTIN – TESTING AND DEVELOPMENT OF ASTON MARTIN VALKYRIE HAS RESUMED
* ASTON MARTIN – AT 31 MAY 2020, CASH WAS £244M AND NET DEBT £883M Source text for Eikon: Further company coverage: