Aston Martin Lagonda Global Holdings PLC (LSE:AML) has downshifted its expectations for full-year wholesale volumes, underlying profits and cashflows due to a tougher global environment and impacts from trade tariffs.
In the third quarter, it delivered around 1,430 vehicles on a wholesale basis, below prior guidance and 12.9% below last year’s figure.
The sports car manufacturer predicted that volumes will decline by a "mid-to-high single-digit percentage" compared with last year’s 6,030 units.
It said this reflected weaker demand in North America and Asia-Pacific, including Greater China. Retail volumes were in line with wholesales.
Adjusted EBIT for 2025 is now expected to fall below the lower end of market consensus, with the group no longer forecasting positive free cash flow in the second half.
Capital expenditure guidance was also cut to about £375 million from £400 million.
Deliveries of the Valhalla hybrid supercar are set to begin in the fourth quarter, with around 150 units expected this year following a slight delay.
Aston Martin ended the period with total liquidity of about £250 million after completing the £108 million sale of its stake in the eponymous Formula 1 team.
The company said profitability and cash flow are expected to materially improve in 2026 as Valhalla deliveries ramp up and cost reductions take effect.