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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Aston Martin Lagonda Global Holdings PLC    AML   GB00BFXZC448

ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC

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Italian yacht maker Ferretti seen launching IPO process after summer - source

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07/16/2019 | 11:05am EDT

MILAN (Reuters) - Chinese conglomerate Weichai Group is going ahead with its plans to list Italian luxury yacht builder Ferretti, with the process for an initial public offering expected to be launched just after the summer, a source close to the matter said on Tuesday.

Ferretti was delisted in 2003 before being bought a decade later by Weichai Group. The Chinese group has a stake of nearly 87 percent while Piero Ferrari, the son of the founder of the sports car maker with the same name, holds a minority stake.

The group has picked Barclays, BNP Paribas and UBS as global coordinators for the IPO. It will hold a detailed presentation of the company's business for analysts of the banks forming the IPO consortium in the next few weeks as it prepares to launch the share sale, the source said.

According to the source, the group is hoping to fetch multiples similar to those of luxury car makers Ferrari and Aston Martin.

Ferretti declined to comment.

(Reporting by Elisa Anzolin, editing by Silvia Aloisi)

Stocks mentioned in the article
ChangeLast1st jan.
ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC -5.91% 541 Delayed Quote.-55.79%
BARCLAYS PLC -2.79% 149.4 Delayed Quote.-0.88%
BNP PARIBAS -1.60% 43.875 Real-time Quote.11.15%
ELISA CORPORATION OYJ 0.22% 46.22 Delayed Quote.26.11%
FERRARI 1.20% 138.85 End-of-day quote.60.00%
UBS GROUP -1.87% 11.3 Delayed Quote.-4.99%
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Financials (GBP)
Sales 2019 1 100 M
EBIT 2019 79,9 M
Net income 2019 0,38 M
Debt 2019 697 M
Yield 2019 -
P/E ratio 2019 228x
P/E ratio 2020 13,1x
EV / Sales2019 1,75x
EV / Sales2020 1,26x
Capitalization 1 233 M
Chart ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC
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Technical analysis trends ASTON MARTIN LAGONDA GLOBA
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TrendsBullishBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 657,68  GBp
Last Close Price 541,00  GBp
Spread / Highest target 133%
Spread / Average Target 21,6%
Spread / Lowest Target -39,6%
EPS Revisions
Managers
NameTitle
Andrew Charles Palmer President, Group CEO & Executive Director
Penelope L. Hughes Non-Executive Chairman
David Jeremy King Chief Special Operations Officer & Vice President
Mark Wilson Group Chief Financial Officer & Executive Director
Nikki Rimmington Director-Finance & Planning
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