LEIPZIG/STUTTGART (dpa-AFX) – The sports and off-road vehicle manufacturer Porsche will publish its business figures for the past year on Tuesday (8 a.m.). CEO Oliver Blume and CFO Lutz Meschke will also give an outlook on the current financial year at midday (12 p.m.) and answer questions from analysts and media representatives. The press conference will take place at the Porsche location in Leipzig.
The company recently reported a slight increase in sales of 3.3 percent to 320,221 vehicles for 2023. Although deliveries grew in almost all regions of the world, they fell by 15 percent in the most important car market, China. The reason for this was primarily due to the difficult economic situation in the region.
The VW (Volkswagen (VW) vz) sports car subsidiary increased its sales by 12.6 percent to 30.1 billion euros in the first three quarters of 2023 compared to the same period last year. At the time, experts had expected a less severe increase. The operating result rose by nine percent to 5.5 billion euros. Earnings after taxes climbed to 3.94 billion euros. At that time, Porsche was on track to achieve its annual goals./jwe/DP/ngu
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