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AML Aston Martin Lagonda Global Holdings News Story

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Luxury carmaker Aston Martin seesaws on wider-than-expected quarterly loss

** Shares of British luxury carmaker Aston Martin AML.L seesaw in early trade, last down 1.5% at 64.1p

** Company posts Q3 adj. pre-tax loss of 106.9 million pounds ($143.47 million) vs. average analysts' expectations of a loss of 99 million pounds, according to company-compiled poll

** Expects reduction in 5-year capex to 1.7 billion pounds from 2 billion pounds

** AML now expects FY2025 capex to be about 350 million pounds

** Co no longer expects to meet prior outlook of positive free cash flow generation in second half

** Co says profitability and cash flow would materially improve in 2026, maintains annual loss forecast

** YTD, stock down ~42.72%

($1 = 0.7451 pounds)

 (FT(Reporting by Rishab Shaju in Bengaluru)

 ((Rishab.shaju@thomsonreuters.com ; +91 9048142177))

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