Porsche AG : A more favourable setup
>Q4 results slightly ahead of forecasts, 2024 EBIT guidance close to expectations - Porsche yesterday morning reported Q4 results (Cf. yesterday’s First Take) that beat expectations (+10% vs the company-compiled consensus for group EBIT, +5% on automotive EBIT). For 2024, the group as expected guided to a drop in the margin (range of 15-17% at the EBIT level vs the usual 17-19% range), reflecting the impact of the numerous vehicle launches (4 new models in the space ...
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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