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Aston Martin Posts First-Quarter Profit
Aston Martin Lagonda Ltd. reports a pretax profit for January-March of £6 million ($8 million), its first money-making result for the period in 10 years.
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Aston Martin Lagonda Ltd. reports a pretax profit for January-March of £6 million ($8 million), its first money-making result for the period in 10 years.
The 104-year-old company’s revenue in the first quarter more than doubled to £188 million ($243 million). The British supercar maker predicts full-year sales will climb to about 4,800 units from 3,700 in 2016.
Aston Martin, which has gone through seven bankruptcies to date, posted full-year losses in each of the past six years. But analysts predict stronger results ahead as the company refurbishes its lineup and prepares to begin production in Wales of its first luxury crossover, the DBX, in 2020.
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