Shares of British luxury carmaker Aston Martin Lagonda surged, as the company's positive 2023 guidance offset pretax losses last year.
Aston Martin Lagonda's pretax losses swelled in 2022, but an improved guidance on EBITDA and wholesale units for 2023 boosted shares.Aston Martin DBX707 SUVforecasts better profitability this year, after widening its 2022 pretax losses on the back of a weakening U.K. currency.
Adjusted operating losses also swelled to £118 million last year, from £74 million in 2021. Revenues rose by 26% on the year to £1.38 billion, with gross profit up by 31% year-on-year to £450.7 million. "For 2023 we expect to deliver significant growth in profitability compared to 2022, primarily driven by an increase in volumes and higher gross margin in both Core and Special vehicles," it said Wednesday, flagging a pick-up in activity in the second half of 2023.
The company expects wholesale sale volumes to pick up to 7,000 units in 2023, anticipating its adjusted earnings before interest, taxes, depreciation and amortization to add roughly 20%.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Aston Martin Vantage Roadster 2023 review | EvoAston Martin’s Vantage Roadster is just as rewarding to drive as the Coupe, but comes with an extra level of drama and excitement -
Leer más »
Here is the definitive list of Xiaomi phones that will get MIUI 14Xiaomi revealed the smartphones destined to get updated to MIUI 14 at MWC 2023.
Leer más »
Aston Martin Lagonda Taraf pops up for sale in CaliforniaThe Aston Martin Lagonda Taraf was never sold in the U.S., but now one in essentially new condition can be had for $800,000.
Leer más »
Fernando Alonso Tests The Limits Of The Aston Martin DBX 707 | CarscoopsFernando Alonso has already picked up the keys to an Aston Martin DBX 707 since joining the F1 team
Leer más »
Aston Martin says profitability to improve this year after tough 2022Aston Martin , a London-listed luxury carmaker, said it expects profitability to improve this year and to turn free cash flow positive in the second half as it begins deliveries of its next-generation sports cars in the third quarter.
Leer más »
Designer Inspirations for Paris Fall 2023Returning to the runway after four years, Peter Dundas will be making his official Paris Fashion Week debut, coinciding with a more tailored approach to his woman’s wardrobe.
Leer más »