Aston Martin stated gross sales to sellers in 2021 surged 82 %, even because the British automaker forecast lower-than-expected annual adjusted core earnings resulting from delays in shipments of its limited-edition 2.4 million-pound ($3.3 million) Valkyrie sports activities automobile.

Aston Martin stated 10 Valkyries have been shipped within the fourth quarter, fewer than beforehand deliberate. The delays have been blamed on on electronics points.

The corporate stated on Friday that it anticipated annual adjusted core earnings to be about 15 million kilos ($20 million) decrease than anticipated.

It stated the Valkyries that had not but been shipped have been already allotted to clients, with vital deposits.

“The Valkyrie program is now working at charge for 2022 having targeted on delivering with no compromises within the face of provide chain challenges and large complexity within the manufacturing ramp-up which resulted in a timing influence for 2021,” CEO Tobias Moers stated.

Total, the corporate bought 6,182 vehicles final yr, helped by demand for its first SUV, the DBX.

Pandemic journey restrictions have left many rich customers with extra disposable earnings, fueling demand for premium and luxurious vehicles.

On Thursday, one other British luxurious automaker, Bentley, reported a file yr as international gross sales jumped 31 %.

Since going public in 2018, Aston Martin shares have slumped round 30 % and the corporate has burnt by means of money, prompting billionaire chairman Lawrence Stroll to purchase a stake within the firm as a part of plans to boost cash.

The corporate stated its money stability on the finish of 2021 was round 420 million kilos, greater than anticipated.