Report
Anthony Dick ...
  • Michael Foundoukidis

Porsche AG : Sound LT fundamentals but ST momentum plagued by operational issues

>Operational issues with model launches - Porsche continued to suffer from operational issues in Q4, with fresh software malfunctions on the new Cayenne causing a second stop-sale on the model and pushing some wholesales/deliveries into Q1 2024 (est. 2/3k units). This was reflected in Q4 delivery figures published last Friday (77k units, -12% y-o-y, +3% q-o-q, below our estimate of 86k units and css 87k) with Cayenne deliveries down 20% y-o-y (and 18% below our esti...
Underlying
DR. ING. H.C. F. PORSCHE AKTIENGESELLSCHAFT

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Anthony Dick

Michael Foundoukidis

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