Third-quarter deliveries of around 1,430 vehicles have come in below the 1,641 expected. That was driven by weaker demand in both the North America and the Asia Pacific regions.
Management called out the ongoing impact of US tariffs and lower sales of higher-margin ‘Special’ models.
Full-year underlying operating losses are now expected to be worse than the £110mn that markets had been forecasting. Free cash flow is no longer expected to be positive over the second half, though an improvement in the fourth quarter is expected.
An immediate review of costs and capital expenditures is underway, with 2026 performance expected to show improvements.
The shares fell 7.3% in early trading.
Our view
HL view to follow.
Aston Martin key facts
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