Consequently, Aston Martin Lagonda has lowered its 2024 earnings outlook due to delayed deliveries and persistent supply chain issues, especially in China. The luxury automaker now expects adjusted EBITDA to fall to £280 million (€336.2 million), down from £305.9 million (€367.3 million) in 2023. This marks the second profit downgrade in just three months.
Supply Chain Delays Hit Valiant Model Rollout
Aston Martin attributed the earnings cut largely to delays in delivering its exclusive Valiant supercar. Only half of the planned 38 units will ship in 2024, with the rest now pushed to early 2025. The Valiant, priced at €2.37 million, plays a key role in boosting high-margin sales. Moreover, the setback compounds the company’s broader challenges with logistics and production—issues that continue to disrupt global supply chains.
Electrification Plan and New Debt Strategy
To counter near-term liquidity pressure, Aston Martin plans to raise £210 million (€252 million) via debt and equity. This financing will support its £2 billion (€2.4 billion) electrification strategy through 2027. CEO Adrian Hallmark reaffirmed the company’s commitment to electric vehicle development, cost efficiency, and operational improvements. These initiatives aim to improve profitability by 2025 and restore investor confidence.
Despite plans to release four new models in 2024, falling sales in China continue to weigh on overall performance. Aston Martin shares have already dropped over 50% in 2024, highlighting growing concern over its recovery. Final full-year results will be announced on 26 February 2025.
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