Mexican Media Brands
Aston Martin Hikes Outlook Again
British luxury carmaker Aston Martin Lagonda Ltd. has again raises its financial guidance as unit sales and revenue soar.
#economics
Share
British luxury carmaker Aston Martin Lagonda Ltd. has again raises its financial guidance as unit sales and revenue soar.
The company reports its pretax profit in the first half of 2017 swung to £21 million ($27 million) from a £82 million loss in the same period last year. Revenue nearly doubled to £410 million ($526 million).
Unit sales in January-June jumped by two-thirds to 2,400 vehicles, and the average selling price rose 25% to £149,000 ($191,200). Volume was aided by demand for Aston Martin’s flagship DB11 sports car.
In May the company raised its full-year outlook to adjusted revenue and earnings of at least £800 million ($1 billion) and £170 million ($218 million), respectively. Now the company anticipates revenue of £830 million ($1.1 billion) and adjusted earnings of £175 million ($225 million).
RELATED CONTENT
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future