Aston Martin lowers its full-year profit forecast

Jin10 Data, October 6 - British luxury sports car manufacturer Aston Martin stated that due to U.S. tariffs and weak demand in the Asia-Pacific region suppressing sales, the company’s profit this year will be below expectations, and thus it has initiated a review of its cost and capital expenditure plans. The company expects its full-year adjusted earnings before interest and taxes (EBIT) to fall below the lower limit of market consensus expectations, and it no longer anticipates achieving positive free cash flow in the second half of the year. The company pointed out that the market expectation for the adjusted EBIT lower limit is a loss of £110 million (approximately $148.3 million). This downward adjustment reflects declining sales and pressure on the OCN gross margin, marking yet another adjustment following the company's downward revision of guidance in the summer.