Porsche AG : A good quarter marred by ongoing execution issues
>Solid Q2 results ahead of expectations, but 2024 scenario revised down - Porsche reported a solid set of Q2 results before trading yesterday, beating expectations (+8% vs consensus EBIT). The performance reflects a sequential improvement in volumes (81k units, still down 6% y-o-y but up 15% q-o-q), sales (€ 10.4bn, up 1% y-o-y, up 16% q-o-q, vs consensus € 10.3bn and ODDO BHF € 10.1bn) and margins (17.0%, still down 250bp y-o-y but up 280bp q-o-q, vs consensus and OD...
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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