Aston Martin intends to quadruple profit and double revenue – Kommersant
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British sports car manufacturer Aston Martin said it plans to quadruple its adjusted earnings before interest, taxes and depreciation and double its revenue by the 2027-2028 financial year. Thus, if the company’s ambitious plans are realized, in five years its adjusted profit will reach £ 800 million, and revenue – £ 2.5 billion, according to the newspaper. Financial Times with reference to statements by Aston Martin management.
The company said in a statement that increased profitability from new model launches and increased vehicle sales due to the launch of electric vehicle production from 2025 will help increase gross margin by up to 40%.
A day earlier, Aston Martin management also announced that it was confident that it would meet its previously set targets for revenue of £2 billion and EBITDA of £500 million in 2025. According to the head of the company Lawrence Stroll, Aston Martin, which sold 6 in 2022, 4 thousand cars, over time it will be able to produce 17 thousand cars a year.
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