Motor Vehicles & Passenger Car BodiesIFRS · EUR

ECD Automotive Design, Inc.

ECD Automotive Design, Inc. is a U.S.-based custom automotive builder focused on restoring and reimagining British classic vehicles into one-off luxury builds. The company designs and hand-builds each vehicle in-house, letting customers specify the engine, interior, electronics, finishes, and other details, and also sells repair, upgrade, and extended warranty services.

Liikevaihto25,2milj. EUR
+66,4 %v/v
Liikevoitto (EBIT)−4,5milj. EUR
−178,2 %v/v
EBIT-marginaali−18,1%
−7,3 %-yks.v/v
Nettotulos−10,8milj. EUR
−572,4 %v/v
Vapaa kassavirta−9,8milj. EUR
−77,7 %v/v

Tilikausi 2024 · muutos edellisvuodesta

Kehitys 2022–2024

−100102030milj. EUR2022: 12 milj. EUR2022: EBIT −2,6 milj. EUR20222023: 15 milj. EUR2023: EBIT −1,6 milj. EUR20232024: 25 milj. EUR2024: EBIT −4,5 milj. EUR202425−4,5
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Custom vehicle builds75 %

One-off, fully customized restored vehicles sold directly to customers.

Repair and retrofit services10 %

Customer-paid repair, upgrade, and retrofit work performed after or alongside builds.

Extended warranties10 %

Warranty contracts sold with completed vehicles to cover specified periods.

Resale commissions and other revenue5 %

Occasional commissions from resale of used vehicles and related ancillary income.

Tuotteet

Raportoitu · osuus liikevaihdosta
98,4%FY2024100 %
  • Builds98,4 %
  • Warranty and Other1,6 %

Lähde: 10-K/A FY2024, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

ECD sells to affluent automotive enthusiasts who want a highly personalized, collectible vehicle rather than a standard production car. Buyers are typically motivated by craftsmanship, exclusivity, and the ability to specify nearly every element of the build. The company also serves owners who need repair or upgrade work on existing vehicles and customers who want warranty coverage after purchase.

High-net-worth custom build customers

Buy fully bespoke restored vehicles and pay for personalization, craftsmanship, and exclusivity.

Repair and retrofit customers

Purchase repair, upgrade, and retrofit services for vehicles already owned or previously built.

Warranty buyers

Add extended warranty coverage to reduce post-delivery repair risk and support confidence in the build.

Used vehicle resale counterparties

Generate occasional commission revenue through resale of used vehicles.

Strategia

ECD is focused on improving supply chain efficiency, expanding production capacity, and protecting margins in a labor- and materials-intensive build process. Management is also emphasizing cash flow discipline while using the larger Kissimmee facility and ECD UK sourcing network to support growth and throughput.

Supply chain optimizationLyhyt aikaväli

The build model depends on hard-to-source parts and donor vehicles, so sourcing efficiency directly affects margins and delivery timing.

Manufacturing capacity expansionKeskipitkä aikaväli

Higher throughput is needed to support growth while preserving the handcrafted, in-house production model.

Cash flow and liquidity managementLyhyt aikaväli

The company operates at a loss and must manage working capital carefully to fund operations and growth.

Maantiede

ECD is headquartered in Kissimmee, Florida, where its 100,000-square-foot 'Rover Dome' facility houses most of its production, office, and warehouse activity. The company also operates ECD UK, a logistics center in the United Kingdom used to source and transport over-25-year-old vehicles back to the U.S. for restoration. Geography matters because the business depends on cross-border sourcing of donor vehicles and parts, while final assembly and customer delivery are centered in Florida.

Riskit

ECD’s business is exposed to discretionary luxury spending, which can weaken when macroeconomic conditions deteriorate. Its custom-build model also depends on stable access to materials, labor, donor vehicles, and cross-border logistics, so cost inflation or supply disruptions can pressure margins and delivery schedules.

Järjestetty vakavuuden mukaan
Discretionary consumer demand weaknessKorkea

Customers buy high-ticket custom vehicles, so demand is sensitive to wealth effects and macro conditions.

Kohdistuu: Custom builds and warranty sales

Materials and labor cost inflationKorkea

Each build uses substantial materials and skilled labor, so higher input costs can reduce margins.

KohdistuuBuildsRepairsRetrofits
Supply chain and sourcing disruptionKorkea

The company relies on overseas sourcing of donor vehicles and parts through ECD UK.

Kohdistuu: Vehicle procurement and production timing

Operational execution riskKeskitaso

Hand-built vehicles require specialized craftsmanship and in-house coordination across many steps.

KohdistuuProduction qualityReworkDelivery schedules

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition by product type

Builds, repairs, and warranties have different recognition patterns and affect quarterly comparability.

Vaikutus: Revenue timing and deferred revenue balances

Inventory valuation and cost accumulation

Custom builds require tracking materials, labor, freight, customs, and outside services by job.

Vaikutus: Gross margin and potential write-downs

Warranty obligations

Limited warranties and extended warranties create judgment around future service costs and deferred revenue.

Vaikutus: Liabilities, revenue deferral, and service expense

Lease accounting

The large Kissimmee facility is leased and affects operating lease assets and liabilities.

Vaikutus: Balance sheet leverage and operating expense presentation

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026