Porsche Maintains Financial Stability and Confirms 2024 Forecast

Porsche AG reported a group operating profit of 4.04 billion euros for the first nine months of 2024, with a 14.1% operating return on sales. Despite economic challenges, Porsche reaffirms its forecast for the full year. The company completed key product launches, including the all-electric Macan, following updates to other models like the Panamera and 911.

Porsche's revenue stood at 28.56 billion euros, down from 30.13 billion euros the previous year. Deliveries also decreased to 226,026 vehicles from 242,722. Earnings per ordinary share dropped to 3.03 euros.

Challenges in the Chinese market and slower-than-expected electric vehicle transformation have impacted Porsche. Nonetheless, the company continues to invest in innovation, emphasizing a 'value over volume' strategy.