Aston Martin Lagonda Global Holdings PLC (LSE:AML) shares fell 2.4% in early trading on Wednesday after the luxury carmaker reported a wider first-half deficit and a 25% drop in revenue to £454.4 million.
The group’s operating loss increased to £134.7 million, up from £106.1 million a year earlier.
Despite the weak result, Aston Martin’s performance was resilient when compared with Mercedes-Benz and Porsche, both of which issued profit warnings as tariffs and falling demand in China hit the wider luxury automotive sector.
Aston Martin said it was held back by a planned reduction in deliveries of its high-margin Specials models and by disruption linked to new US tariffs.
Wholesale volumes fell 4% to 1,922 vehicles, although the average selling price climbed 7% to £192,000, reflecting demand for new models and customer personalisation.
Net debt rose to £1.38 billion.
Chief executive Adrian Hallmark said retail sales outpaced wholesales by over 40% and that new models set for launch in the second half should help improve results, along with benefits from the company’s ongoing transformation programme.
The stock fell 1.88p to 76.87p.