Reuters, 1 March 2019 – When 2022 losses came in lower than anticipated, Aston Martin AML.L stated on Wednesday that it anticipated improving profitability this year and turning positive free cash flow in the second half.
The London-listed company predicted 2023 wholesale volumes of almost 7,000 units, which was a little under the 7,134 average market estimates. Nonetheless, its forecast of an adjusted core profit margin of roughly 20% outperformed the consensus view of analysts.
For the year ending December 31, the British company reported a larger adjusted operating loss of 118 million pounds ($142.20 million), up from a loss of 74.3 million pounds for the same period the previous year.Analysts on average had expected adjusted operating loss to come in at 135 million pounds for 2022, according to a company-compiled consensus.
