Car maker ‘considering float’ in 2018
Warwickshire manufacturer Aston Martin is reported to be considering a stock market float next year.
The luxury car brand has undergone a transformation in the last couple of years, with its Second Century Plan creating a strategy for growth that quickly began to show results.
Sales are increasingly, after a big fall in 2014, and its 2016 revenues are expected to show an increase of around one-third to about £800m when it releases its accounts.
Those accounts are also expected to show a greatly-improved operational profitability.
The progress the company is making, along with the success of Ferrari’s IPO in late 2015, has led Aston Martin to consider its own float, Bloomberg has reported.
It could take place as early as next year, it added, although at this stage advisers have not been selected.
Aston Martin plans to bring a new model to market every nine months until 2020. Its expansion plans will be helped by the manufacturing plant it is building in St Athan, Wales, which will be fully operational in 2019.