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The Wall Street Journal

Aston Martin Raises Cash From Investors, Issues Profit Warning

Shares fell as much as 9.1% in early European trading Wednesday to a two-year low of 98.05 pence

Aston Martin Lagonda is raising cash from investors as it seeks to stabilize its balance-sheet.
Aston Martin Lagonda is raising cash from investors as it seeks to stabilize its balance-sheet. Photo: Jason Alden/Bloomberg News

Aston Martin Lagonda is raising around 210 million pounds ($264 million) from investors as the U.K. luxury carmaker seeks to stabilize its balance-sheet, and issued another profit warning.

The latest cash-injection came as the company cut its full-year earnings guidance for the second time in nearly three months. It now expects adjusted earnings before interest, taxes, depreciation and amortization of 270 million pounds to 280 million pounds for 2024, down from September’s revision of slightly below the 305.9 million pounds it reported in 2023.

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