The German car manufacturer Porsche had to accept considerable profit savings last year. The decisive factor for this was increased costs and a serious decrease in turnover in China.
- The operational result fell by 22.6 percent to EUR 5.64 billion, as the DAX group announced on Wednesday. The result per share Kromp even more with a good 30 percent to 3.95 euros per preferred share.
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The dividend should not be shortened – the general meeting is proposed, as in the previous year 2.31 euros per voting share share. It is again 2.30 euros per regular share.
- Last year, the group level on group level fell around 4 percentage points to 14.1 percent, as announced in the past month.
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The company has announced that 1900 jobs were removed. “The extensive recovery of the company and the investments will burden the result of the 2025 financial year,” said Jochen Breckner, the new CFO. A yield of 20 percent remains the long -term ambition, in the medium term Porsche strives for a reach of 15 to 17 percent.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
