Business World

Wednesday 21 August 2019

Aston Martin swings into €86m loss

A 1965 Aston Martin DB5 driven by Pierce Brosnan as James Bond in the 1995 film GoldenEye (John Stillwell/PA)
A 1965 Aston Martin DB5 driven by Pierce Brosnan as James Bond in the 1995 film GoldenEye (John Stillwell/PA)
Independent.ie Business Desk

Luxury carmaker Aston Martin Lagonda has swung to a £78.8m (€86m) loss in its first half as it said the "more challenging global" economy was impacting the firm.

The group's loss for the six months to June 30 compares with a profit of £20.8m (€23m) a year earlier.

Aston Martin - which floated last October - said interim revenues fell 4pc to £407.1m (€444m) amid slowing sales conditions in Britain and Europe.

The figures come a week after a shock profit warning from Aston Martin, which saw its stock market value halve.

Shares in Aston Martin plummeted another 19pc on Wednesday.

PA Media

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