Porsche generated net earnings of €3.33bn in the last year, whereas we had expected €3.54bn. In spite of this, the dividend proposal is €1.76 instead of our expected €1.51 for preferred shares. Simultaneously, net cash fell to €937m from €1.3bn as Porsche acquired almost 100% of PTV Group, a provider of software for traffic planning and management as well as transport logistics. In addition, management decided to buy small stakes (i.e. single-digit percentages) i
20 Mar 2018
2017 net profit slightly below our expectation
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
2017 net profit slightly below our expectation
Porsche Automobil Holding SE Pref (PAH3:WBO) | 0 0 (0.0%) | Mkt Cap: 7,181m
- Published:
20 Mar 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
Porsche generated net earnings of €3.33bn in the last year, whereas we had expected €3.54bn. In spite of this, the dividend proposal is €1.76 instead of our expected €1.51 for preferred shares. Simultaneously, net cash fell to €937m from €1.3bn as Porsche acquired almost 100% of PTV Group, a provider of software for traffic planning and management as well as transport logistics. In addition, management decided to buy small stakes (i.e. single-digit percentages) i