on Porsche AG (isin : DE000PAG9113)
Porsche Adjusts 2024 Financial Forecast Due to Supply Chain Issues
Dr. Ing. h.c. F. Porsche Aktiengesellschaft has revised its financial forecast for 2024, citing a significant supply shortage of special aluminium alloys. A major European supplier experienced a force majeure event, leading to production facility flooding and subsequent supply disruptions. This shortage impacts body components across all Porsche vehicle series.
Despite immediate countermeasures, production impairments are anticipated to last several weeks, potentially causing production shutdowns of certain vehicle series. As a result, delays in vehicle production and delivery are expected, which may not be fully compensated within the financial year.
The updated financial outlook for 2024 includes:
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