Porsche asserts it remains highly profitable
Carmaker Porsche has posted revenues of €28.6 billion euros in the first nine months of the financial year, versus €30.2 billion in the same period last year, but is confident it will meet its full-year forecasts.
Deputy chairman Lutz Meschke said: “Every race track has slower and faster sections. The same applies to a financial year. In the fourth quarter, we expect that we can accelerate and head into the final sprint to the line.
“As expected, the third quarter has been the weakest of the 2024 financial year. However, the quarterly figures and our expectations for the rest of the year mean we are confident that we will achieve our ambitious targets for the year as a whole. Even in challenging times, Porsche is financially robust and highly profitable.”
The number of overall deliveries in the first nine months was 226,026 vehicles.
“In China, we are dealing with a structural shift in demand. In addition, the global transformation towards electric vehicles is proceeding more slowly than originally assumed. For this reason, we are reviewing our product line-up and ecosystem, as well as our budgets and cost position. All with the aim of increasing our flexibility and resilience even further,” added Mr Meschke.
The company expects to reach revenues of €39 to €40 billion euros by the end of the financial year.
