Porsche AG saw lower operating profit in FY24 due to weak China sales, warns for FY25

From Nasdaq: 2025-03-12 03:04:04

Porsche AG, part of Porsche Automobil Holding SE, reported a weak operating profit in fiscal 2024 due to lower sales and deliveries, especially in China. Operating profit was 5.64 billion euros, down 22.6% from the previous year, with an operating return on sales of 14.1%. Turnover was 40.08 billion euros, slightly lower than the previous year. Despite challenges, Porsche set a dividend payment of 2.1 billion euros, same as last year. For fiscal 2025, the company expects a Group operating return on sales of 10-12% and sales revenues around 39-40 billion euros.



Read more at Nasdaq: Porsche AG FY24 Results Down On Weak China, Warns On FY25 Results; Sees Margin Growth Ahead