Porsche AG’s CMD looks convincing business-wise but is not likely to calm investors questioning its governance. The long-term 20% EBIT target confirms consensus’ valuation range of €80-90bn, while management sees last years’ improvements on operational efficiency to have raised the margin floor to 15% (vs. 9% reached in 2009). Porsche targets the best in each world with a niche-luxury-style pricing strategy together with premium-like volumes and BEV/ICE parity within two years. The variable rema ....
21 Jul 2022
Porsche AG gets closer to its “independence”
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Porsche AG gets closer to its “independence”
Porsche Automobil Holding SE Pref (PAH3:ETR) | 0 0 0.0%
- Published:
21 Jul 2022 -
Author:
Saïma HUSSAIN -
Pages:
3
Porsche AG’s CMD looks convincing business-wise but is not likely to calm investors questioning its governance. The long-term 20% EBIT target confirms consensus’ valuation range of €80-90bn, while management sees last years’ improvements on operational efficiency to have raised the margin floor to 15% (vs. 9% reached in 2009). Porsche targets the best in each world with a niche-luxury-style pricing strategy together with premium-like volumes and BEV/ICE parity within two years. The variable rema ....