Porsche SE is sticking to its own annual outlook despite Volkswagen’s adjustment of its annual forecast.
In the evening, Volkswagen surprisingly announced that it expected an operating result in 2023 of the same magnitude as the previous year before special items. The operating result for 2022 was around 22.5 billion euros before special items. The car manufacturer had previously forecast an operating return on sales of between 7.5 and 8.5 percent for 2023.
Regardless of this, Porsche Automobil Holding SE confirmed the earnings forecast it had previously communicated. The consolidated result after taxes is expected to be in the lower half of the forecast corridor. Due to Porsche SE’s equity stake in Volkswagen AG amounting to around 31.9 percent, Porsche SE’s consolidated earnings after taxes are largely dependent on the at-equity earnings attributable to Porsche SE and thus on the earnings after taxes at the level of the Volkswagen Group certainly.
Following the publication via Tradegate, the shares of Porsche Automobil Holding were still 2.27 percent lower at 44.72 euros.
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Dow Jones Newswires
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