Porsche AG : China weakness offset by robustness in other regions
>We expect flattish deliveries overall despite China and supply disruptions - Despite a slow start to the quarter (July & August deliveries down 5% y-o-y), we expect Porsche Q3 deliveries (due to be reported on Friday) to come in at 76.0k units, flat y-o-y, implying some catch-up over September. This is rather encouraging considering the group faced two major headwinds during the quarter: 1/ component shortages on the refreshed Cayenne leading to delayed deliveries an...
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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