Aston Martin: first step towards an IPO in London
(CercleFinance.com) - Aston Martin Holdings, the upmarket British carmaker, intends to float on the London Stock Exchange.
The group has recently filed its registration document; although the financial terms of the deal are not yet known, a detailed prospectus will be published around 20 September.
This will mean that the car supplier of the iconic James Bond character will sell existing shares, remembering that Daimler has a 4.9% stake in the group and intends to remain in negotiations. The company intends to have free float of at least 25%.
On the occasion, Aston Martin announced H1 sales that are up 8% at 445 million pounds, despite vehicle sales that are down 5.7% at 2,299 vehicles. EBITDA grew faster - up 14% to 106 million pounds, meaning a margin of 24%, particularly due to the success of the Vanquish Zagato range and the DB4 GT Continuation. The company's CEO Andy Palmer points out that three models have been launched over the first six months of 2018.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The group has recently filed its registration document; although the financial terms of the deal are not yet known, a detailed prospectus will be published around 20 September.
This will mean that the car supplier of the iconic James Bond character will sell existing shares, remembering that Daimler has a 4.9% stake in the group and intends to remain in negotiations. The company intends to have free float of at least 25%.
On the occasion, Aston Martin announced H1 sales that are up 8% at 445 million pounds, despite vehicle sales that are down 5.7% at 2,299 vehicles. EBITDA grew faster - up 14% to 106 million pounds, meaning a margin of 24%, particularly due to the success of the Vanquish Zagato range and the DB4 GT Continuation. The company's CEO Andy Palmer points out that three models have been launched over the first six months of 2018.
Copyright (c) 2018 CercleFinance.com. All rights reserved.