Aston Martin expects lower full-year core profit as delivery delays bite-February 2024-www.financetom.com

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

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

Nov 26, 2024 9:40 AM

(Reuters) - British luxury carmaker Aston Martin 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.

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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