Published by Global Banking and Finance Review
Posted on January 21, 2025
(Reuters) - Porsche confirmed its earnings outlook for 2024 of a 14-15% profit margin in a call with investors on Tuesday and said it expected 2025 to remain challenging, according to a note by Bernstein Research analysts.
The investor call was held before a closed period on company information before annual results scheduled for March 12.
Porsche was not immediately available for comment.
The carmaker said that it expects sales volume to decline this year because of the withdrawal of the combustion-engine Macan and 718 from the European Union from the end of June, as well as possible further supply chain issues for the 911 model, according to the note.
Porsche is working to reduce its footprint in China and will provide more detail in its results call on March 12, the note said.
(Reporting by Victoria Waldersee; Editing by Emelia Sithole-Matarise)
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