2019 Was A Bad Year For Aston Martin

Aston Martin’s financial problems are no secret. Last year, falling car sales in Europe and the UK and weak sales for the Vantage prompted the automaker to reduce its sales and profits forecasts. In the first nine months of 2019, the company posted a pre-tax loss of $118 million. Now, Aston Martin has warned its annual profit for 2019 will almost halve. According to Reuters, disappointing December sales have led to wholesale volumes falling by seven percent in 2019.As a result, Aston Martin expects 2019 profits to be between £130 million and £140 million before interest, tax, depreciation and amortization (EBITDA), compared to £247.3 million ($325 million) in 2018.
Source: carbuzz.com