Aston Martin has posted a loss of almost £79m for the first half of 2019.
The loss comes days after the Warwickshire car maker issued a sales warning over falling demand from dealers.
The £78.8m loss saw Aston Martin’s already beleaguered share price plunge further.
The stock fell another 14%, having been more than a fifth lower at one stage.
It represents a marked slide for the prestige car maker, which made a profit of £20.8 million for the same period in 2018.
The company saw sales volumes to dealers in the 海角视频 slump by 17% in the first half and fall 19% in the rest of the Europe, Middle East and Africa region.
Aston Martin - which last week saw more than a quarter wiped off its stock market value after the sales warning - posted a 4% drop in total revenues to £407.1 million.
It blamed the performance on a “more challenging” global economy.
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Often described as James Bond’s favourite car maker (though in Ian Fleming’s books the fictional spy drives a Bentley) Aston Martin has suffered a torrid start to its life as a listed company.
Share price plunge
Its shares have now plunged from 1,900p on flotation last October to less than 454p at current prices.
There had also been heavy criticism over the cost of the float, after bosses revealed that it cost £136 million to list the business.
In its interim results, the group’s president and chief executive, Andy Palmer, said: “We are disappointed that our projections for wholesales have fallen short or our original targets, impacted by weakness in two of our key markets as well as continued macro-economic uncertainty.
“Accordingly, we have taken action to reduce wholesale guidance for 2019.
“We are also improving efficiency across the business, whilst protecting the brand.”
A better performance across the Asia Pacific region and Americas helped overall wholesale sales increase by 6% to 2,442.
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The company said dealers were taking action to manage supply after starting the year with high stock levels, which “particularly impacted the 海角视频 and Europe where deteriorating macro-economic factors are also now starting to be felt”.
Retail sales rose 26% in the first half.
But the group has cut its annual wholesale sales forecast from a range of 7,100 to 7,300 to between 6,300 and 6,500.
Brexit preparations
It also said it has put in place plans to “ensure operational readiness for the supply of parts and cars” after Brexit, but was “not immune” to any impact from a cliff-edge withdrawal.
Mr Palmer - who has previously described the Government’s Brexit strategy as “laughable” - said the group did not want a no-deal and insisted the industry needs certainty.
He said: “We do not want a no-deal Brexit because of the disruption that causes with issues at the border.
“Now we’ll live with it, if that’s what it is, and the car industry in general is pretty resilient once it knows what it’s dealing with.”