Aston Martin gears up IPO plans

The Aston Martin DB11

Luxury car maker Aston Martin is reportedly targeting a float on the London stock exchange this year on the back of continued growth.

The manufacturer last week revealed its strongest full year for car sales. At the same time it increased its expectations for profitability, as measured by EBITDA, to more than £180m on revenues of at least £840m.

A float would target a valuation of £5bn, Bloomberg has reported – a valuation that could place it in the FTSE 100. Advisers are currently looking at the options for the Warwickshire business, and while the IPO route remains unconfirmed, the latest reports follow specualation last spring that Aston Martin was keen to follow in the slipstream of Ferrari’s IPO.

As part of its Second Century Plan, Aston Martin is expanding its UK manufacturing footprint. The company has resumed output of special vehicles, notably the DB4GT Continuation, at its historic Newport Pagnell facility for the first time since 2007, while construction work is continuing at the new St Athan facility in Wales, due for completion in 2019, ahead of production of the new crossover model, the DBX SUV.

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