Porsche: sales down over 9m, but confirms guidance
(CercleFinance.com) - Porsche has announced that sales reached E28.
56bn in the first nine months of the year, down 5.2% on the same period a year earlier.
At the same time, EBIT contracted by 26.7% to E4.04bn, although the company delivered 226,026 vehicles between January and September, down 6.9%.
Earnings per ordinary share after the first nine months came to E3.03 (versus E4.32 the previous year).
The company says it continues to face a very difficult macroeconomic environment, as well as various geopolitical tensions and conflicts.
Uncertainties and financial burdens emanate in particular from the situation on the Chinese market, numerous product launches, possible supply bottlenecks and the continuing rise in inflation-related costs, especially on the supplier side, it says.
Porsche nevertheless confirms its 2024 guidance, targeting annual sales of between E39bn and E40bn, with an EBITDA margin of between 23% and 24%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
56bn in the first nine months of the year, down 5.2% on the same period a year earlier.
At the same time, EBIT contracted by 26.7% to E4.04bn, although the company delivered 226,026 vehicles between January and September, down 6.9%.
Earnings per ordinary share after the first nine months came to E3.03 (versus E4.32 the previous year).
The company says it continues to face a very difficult macroeconomic environment, as well as various geopolitical tensions and conflicts.
Uncertainties and financial burdens emanate in particular from the situation on the Chinese market, numerous product launches, possible supply bottlenecks and the continuing rise in inflation-related costs, especially on the supplier side, it says.
Porsche nevertheless confirms its 2024 guidance, targeting annual sales of between E39bn and E40bn, with an EBITDA margin of between 23% and 24%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.