Porsche Holding Vz. Aktie News

Porsche will not take part in a fierce discount battle in the weakened Chinese market, and is instead sticking to its principle of maintaining premium prices even if it costs the luxury carmaker market share.

Porsche on Tuesday warned that profitability will decline this year as it launches new models amid tough economic conditions, but hiked its dividend.

Porsche said it expected profitability to decline to between 15-17% in 2024, citing global economic conditions, after it posted full-year results largely in line with views.

German luxury carmaker Porsche expects profitability to tick downwards in 2024 as it focuses on launching four new models, the company said on Tuesday, posting full-year results largely in line with expectations despite market volatility.

Porsce unveiled its most powerful, speedy luxury car to date on Monday: the electric Taycan Turbo GT, which takes just 2.1 seconds to reach 60 miles per hour.

Porsche Automobil Holding SE is trading at a significant discount, with a market cap of $16 billion compared to its estimated value of $27 billion.

Declining interest rates and strengthening consumer demand create a favorable environment for the automotive sector in 2024. With a favorable industry tailwind, I am especially bullish on Porsche, given the company's strong brand equity, focus on premium pricing over volume, as well as sensible electrification transition strategy. I see Porsche generating annualized operating profits of about €...

Porsche AG shares have retreated below their IPO price from September 2022. The market is concerned about weak 2023 sales in China and a cautious 2024 outlook. Porsche increased deliveries in 2023 by 3%, will all regions except China at around +10%. Deliveries in China declined by 15% YoY. Porsche has an ambitious EV roadmap, creating both opportunity and risk for - according to Brand Finance -...