Porsche AG : Robust Q2 results and still favourable outlook despite timid communication
>Solid Q2 results and outlook confirmed - Porsche yesterday morning reported Q2 results that came in below expectations for sales (-5% vs company-compiled consensus) but slightly above for EBIT (3% beat), implying much better than expected margin (19.5% vs 18.0% expected). As regards the outlook, while management raised some caution regarding persistent market volatility (supply chain, European macro, China), it also pointed towards a still robust backlog and “satisf...
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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