(Reuters) After 2022 losses came in better than anticipated, Aston Martin stated on Wednesday that it expected to increase profitability this year and achieve positive free cash flow in the second half.
The London-listed firm predicted 2023 wholesale volumes of roughly 7,000 units, which was a little under the 7,134 average market expectations. However, its forecast of an adjusted core profit margin of about 20% outperformed the consensus view of experts.
For the year ended December 31, the British business reported a larger adjusted operating loss of 118 million pounds ($142.20 million), up from a loss of 74.3 million pounds for the same period the previous year.
A company-compiled consensus showed that analysts anticipated an adjusted operating deficit of 135 million pounds for 2022.
(0.8298 pounds for $1)
