Dr. Ing. h.c. F. Porsche AG Bearer Shares

P911: XETR (DEU)
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Porsche Earnings: Adjusting the Business Model to a New Reality, We Think it's Not Enough

Half-year revenue, operating profit, and automotive net cash flow are down 7%, 67%, and 65%, respectively. Operating profit excluding tariffs, restructuring, and one-off impairments declined 31%. Full-year return on sales guidance was reduced again to between 5%-7%, down from 6.5%-8.5%.

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