Consistent with the results of its main shareholding, Volkswagen, Porsche SE posted a meagre set of Q3-23 results marked by a 20% yoy decline in net profit to €3.8bn (vs. €4.8bn). The below-expectation Q3 results from Volkswagen have led Porsche SE to forecast a FY-23 net profit in the lower range of its €4.5-€6.5bn guidance. While the improvement in the group’s liquidity position has boosted net debt expectations, the outlook remains unfavourable for the HoldCo, as the BEV transition is set to ....
13 Nov 2023
Q3-23: Sluggish BEV transition and a weakening VW performance sink Porsche SE
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Q3-23: Sluggish BEV transition and a weakening VW performance sink Porsche SE
Porsche Automobil Holding SE Pref (PAH3:ETR) | 0 0 0.0%
- Published:
13 Nov 2023 -
Author:
Saïma HUSSAIN -
Pages:
3
Consistent with the results of its main shareholding, Volkswagen, Porsche SE posted a meagre set of Q3-23 results marked by a 20% yoy decline in net profit to €3.8bn (vs. €4.8bn). The below-expectation Q3 results from Volkswagen have led Porsche SE to forecast a FY-23 net profit in the lower range of its €4.5-€6.5bn guidance. While the improvement in the group’s liquidity position has boosted net debt expectations, the outlook remains unfavourable for the HoldCo, as the BEV transition is set to ....