Aston Martin expects lower full-year core profit as delivery delays bite

(Reuters) – British luxury carmaker Aston Martin (LON:AML) on Tuesday forecast its annual core profit to fall short of 2023 levels as delivery delays in the ultra-exclusive Valiant models drag its margins.

© Reuters. FILE PHOTO: The Aston Martin Vantage, a luxury sports car, is presented during its launch in New Delhi, India, August 29, 2024. REUTERS/Priyanshu Singh//File Photo

The company expects its 2024 adjusted EBITDA to be in the range of 270 million pounds to 280 million pounds ($338.55 million – $351.09 million) compared to 305.9 million pounds last year.

($1 = 0.7975 pounds)

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