Aston Martin to decide on dual-track procedure at beginning of 2018 - report (translated)
30 OCT 2017
Aston Martin, the luxury UK car group, will decide on whether to launch a dual-track procedure at the beginning of the year, Italian language weekly Milano Finanza reported. The report cited sources close to Aston Martin saying that a decision would be made after the car group's FY17 results had been examined.
The report said that private equity firm Investindustrial, which controls Aston Martin, will be encouraged by Italian luxury car maker Ferrari's performance since listing in October 2015. However, the financial investor would consider selling a stake rather than pursuing a listing.
The report added that Aston Martin posted revenues of GBP 410m (EUR 465) in IH17, up 94% on 1H16. Pre-tax profit was GBP 21m compared to a loss of GBP 82m.