Aston Martin shakes investors with profit slide
Manufacturer of supercars in a crisis as shares skid 75% since listing
07 January 2020 - 16:10
London — The crisis at Aston Martin Lagonda Global Holdings deepened after the UK carmaker reported a steep profit decline in its first full year as a listed company, hammering its stock and bonds and increasing the urgency to attract fresh capital for a turnaround.
Adjusted earnings were about £130m-£140m in 2019, compared with the £247m reported for 2018, the company said. The shares fell as much as 16% to 436p, bringing the decline since the initial public offering (IPO) in late 2018 to about 75%...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.