Aston Martin has issued a trading update to the stock exchange, warning that it expects to miss its EBITDA (earnings before interest, taxes, depreciation and amortisation) target for 2021 by around £15 million as a result of delays readying the Valkyrie hypercar for production.
Describing the hypercar project as “challenging” and noting that it was “inherited” when he led a consortium buying into the firm in 2020, executive chairman Lawrence Stroll highlighted that production had now begun and that 10 customer cars were delivered before the end of last year.
