'Aston Martin Aims To Quadruple Profit Within Five Years Under New Strategy' - City A.M.
Portfolio Pulse from Happy Mohamed
Aston Martin plans to double revenues and quadruple profits within the next five years, aiming for revenues of £2.5bn and EBITDA of £800m by 2028. The company recently announced a £182m partnership with US start-up Lucid to bolster its electrification strategy. Aston Martin's shares have quadrupled since November, with a significant boost after Hangzhou-based carmaker Geely doubled its stake in the marque to 17 per cent.
June 27, 2023 | 4:20 pm
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Lucid's partnership with Aston Martin could potentially boost its reputation and market position, as Aston Martin is a well-established and respected brand in the automotive industry.
Lucid's partnership with Aston Martin, a well-established brand, could potentially enhance its reputation and market position. This could lead to increased investor confidence and a potential rise in Lucid's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75