Porsche Affirms 2024 Earnings Outlook, Anticipates Ongoing Challenges in 2025
Porsche has reiterated its earnings forecast for 2024, with a projected 14-15% profit margin, as reported in a recent investor call. However, the automaker acknowledged that 2025 is expected to remain a challenging year.
The investor call preceded a closed period for financial information ahead of the company's annual results announcement on March 12th.
Porsche anticipates a decline in sales volume in 2023 due to the discontinuation of the combustion-engine Macan and 718 models in the European Union from June. Additionally, potential supply chain disruptions for the 911 model may further impact sales.
The automaker is also working to reduce its presence in China, with further details to be disclosed during the March 12th results call.