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Aston Predicts a Profit in 2018
Aston Martin Lagonda Ltd., expected to post its sixth consecutive annual loss later this month, tells Reuters it will return to profitability in 2018.
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Aston Martin Lagonda Ltd., expected to post its sixth consecutive annual loss later this month, tells Reuters it will return to profitability in 2018.
Last summer the British supercar maker reported its net loss in 2015 multiplied sixfold to £107 million ($141 million). Revenue for that year climbed 9% to £510 million ($673 million) and unit sales rose 8% to 3,600 vehicles.
CEO Andy Palmer notes the company has been spending heavily to update its current lineup, finalize work on the £2 million-plus AM-RB 001 hypercar due next year and prepare its DBX SUV/crossover for launch in 2019.
Aston Martin also has declared that 25% of its sales volume by 2025 will be generated by hybrid or all-electric models.
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