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Volkswagen:Quarterly Results/2024 Q3: Difference between revisions
Volkswagen:Quarterly Results/2024 Q3 (view source)
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N/B: Porsche's revenue reported at the group level is less than that reported at the subsidiary level by around EUR 800-900 million (average of 851 million in the last four quarters). Similarly, the EBIT reported at the Group level has been less than that reported by Porsche in the past four quarters by an average of 76 million euros. '''That means analysts are projecting Porsche's revenue at the Group level to be around EUR 8.38 billion (growth of -5.7% y/y) in Q3 2024 while operating return on sales (EBIT: EUR 966 million) will be around 11.5%'''. | N/B: Porsche's revenue reported at the group level is less than that reported at the subsidiary level by around EUR 800-900 million (average of 851 million in the last four quarters). Similarly, the EBIT reported at the Group level has been less than that reported by Porsche in the past four quarters by an average of 76 million euros. '''That means analysts are projecting Porsche's revenue at the Group level to be around EUR 8.38 billion (growth of -5.7% y/y) in Q3 2024 while operating return on sales (EBIT: EUR 966 million) will be around 11.5%'''. | ||
=== Traton === | |||
* Traton [https://www.eqs-news.com/news/adhoc/traton-se-preliminary-operating-result-for-q3-2024-above-market-expectations-full-year-outlook-unchanged/2152055 said] its adjusted operating return on sales in Q3 2024 was 9.6% vs 8.4% same period last year. | |||
* It also said that its adjusted operating profit was €1.14 billion vs just over €1 billion expected by [https://www.marketscreener.com/quote/stock/TRATON-SE-60635969/news/VW-truck-holding-company-Traton-with-better-business-than-expected-48126674/ analysts]. | |||
* Traton pointed out that its U.S International Brands (formerly Navistar) is recovering faster than expected from supply chain problems while Scania and Traton benefitted from better price and product mix. | |||
* It still expects its revenue in 2024 to grow by -5% to 10%. Also, it's still guiding adjusted operating return on sales in the range of 8% to 9%. | |||
N/B: In the last four quarters, adjusted operating return on sales reported at the subsidiary level has been higher than operating return on sales (before special items) reported at the group level by a range of 0.23% to 0.56%. That means Q3 operating return on sales (before special items) reported at the group level could be in the range of 9% and 9.4%. | |||
== Analysts opinions == | == Analysts opinions == | ||