Aston Martin lost £1m a week despite rising sales
Aston Martin Lagonda has stressed the seasonality of its performance after it revealed it lost more than £1m a week in the first quarter of the year.
The luxury car manufacturer has endured a difficult first year as a public company, with its share price dropping 55% and wiping nearly £2.5bn off the company's value since its float last October.
The latest financial figures, for the three months to March 31, will do little to calm investors' nerves. The company recorded pre-tax losses of £17.3m - a £20m reversal on a year ear... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...