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Aston Martin Lagonda Global Holdings Plc is seeking to raise £110 million through new share issuance and an additional £100 million in debt following its second profit warning in two months. The luxury carmaker, known for its association with James Bond, aims to bolster its finances amid ongoing challenges.
Aston Martin's CEO Adrian Hallmark and CFO Doug Lafferty outlined the company's growth strategy, highlighting the upcoming Vanquish launch and a commitment to achieving an EBITDA target of £500 million by 2025. Despite facing global supply chain challenges, the company reported increased wholesale volumes and stable liquidity, with optimism for recovery in the US and China markets. The order book extends to early 2025, reflecting continued interest in their diverse product lineup.
Aston Martin Lagonda Global Holdings Plc reported an operating loss of £12.1 million ($15.7 million) for the quarter ending in September, although this was better than analysts' expectations. CEO Adrian Hallmark emphasized the need for intensified cost-cutting measures, citing weak demand in China as a contributing factor.
Aston Martin Lagonda Global Holdings plc
Companies
18:24 26.11.2024
09:15 04.11.2024
09:06 30.10.2024
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