(Reuters) -British luxury carmaker Aston Martin posted a wider-than-expected quarterly loss on Wednesday and lowered its 2023 volume outlook due to production issues for its new sports car DB12.
Aston Martin started delivery of its next-generation sports car DB12 last quarter, and expects its 2023 volume to come in at 6,700 units, from an earlier forecast of about 7,000 units.
“Given the initial delays experienced with the DB12 ramp up during Q3, we have marginally updated our FY volume outlook as the impact limits production capacity for the full year,” the company said in a statement.
The London-listed company, which retained the rest of its 2023 outlook, reported an adjusted operating loss of 48.4 million pounds ($58.82 million) on revenue of 362.1 million pounds in the three-month period ended Sept. 30.
Analysts on average had expected an adjusted operating loss of 38 million pounds on net revenue of 370 million pounds.
($1 = 0.8229 pounds)
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Sherry Jacob-Phillips)
