Aston Martin Lagonda reported increased sales in 2021 despite ongoing supply chain instability and a sluggish start to deliveries of its new "hypercar." Still, he said it expects its finances to improve this year due to strong demand.

The premium company, best known for producing James Bond's automobiles, revealed a £76.5 million operational deficit for 2021, down from over £323 million a year earlier.

Sales to dealers increased by 82% last year, as the company resumed normal operations following the 2020 Covid restrictions.

The business began deliveries of its £2.5 million Valkyrie hypercar in December and has now delivered ten vehicles to clients, though at a slower rate than anticipated.

In January, the business stated that lower-than-anticipated Valkyrie deliveries would cause it to miss its annual profit target by £15 million.

Aston Martin anticipates delivering between 75 and 90 Valkyrie vehicles in 2022 and previously stated that all Valkyrie coupes were sold out with a waiting list.

In 2021, the carmaker will deliver over 3,000 DBX sports utility vehicles – targeted at wealthy female consumers. The firm is banking its recovery – accounting for more than half of all cars sold through dealers.

It plans to raise production by approximately 8% to 6,600 vehicles in 2022, which it expects to double its adjusted profit. By 2024-25, it intends to sell about 10,000 cars each year.

The business stated that the brand's "exposure, desirability, and global awareness" had improved due to the Aston Martin name's return to Formula One in 2021.

Tobias Moers, chief executive of Aston Martin, stated that the company is experiencing strong demand for all models.

"Brand desirability is high, as evidenced by retail sales outpacing wholesale sales and the demand for our products, such as the Aston Martin Valkyrie Spider, which was two-fold oversubscribed following its summer launch," he said.

He said that the order book for the company's plug-in hybrid Valhalla supercar was filling up, with deliveries expected to begin in early 2024.

The carmaker, rescued from bankruptcy in early 2020 by a consortium led by Canadian billionaire Lawrence Stroll in a £500 million rescue plan, said it faced "new and old challenges" in 2021 due to supply chain bottlenecks the pandemic.

Stroll, the firm's executive chairman, stated that he anticipated the company would take "four to five years" to develop when he invested.

"We have made significant progress already and are on track to meet our lofty goal," Stroll remarked.

Aston Martin's shares, which have primarily declined since the company's disastrous public market debut three years ago, gained as much as 5% in early trading on Wednesday.