Porsche 2024 Earnings Outlook

(Reuters) – Porsche confirmed its earnings outlook for 2024, projecting a 14-15% profit margin during a call with investors on Tuesday. The company anticipates that 2025 will remain challenging, as noted by Bernstein Research analysts.

The investor call took place before a closed period on company information leading up to the annual results scheduled for March 12.

Porsche was not immediately available for comment.

The carmaker expects a decline in sales volume this year due to the withdrawal of the combustion-engine Macan and 718 models from the European Union, effective at the end of June. Additionally, there may be further supply chain issues affecting the 911 model, as per the analysts’ note.

Porsche is also working to reduce its footprint in China and will provide more details during its results call on March 12.