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Volkswagen:Quarterly Results/2024 Q3: Difference between revisions
Volkswagen:Quarterly Results/2024 Q3 (view source)
Revision as of 17:25, 14 November 2024
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=== Porsche === | === Porsche === | ||
=== | ==== Insights from Porche's earnings call ==== | ||
See: [https://www.alphaspread.com/security/xetra/p911/earnings-calls/q3-2024 Porsche Q3 2024 Earnings Call Transcript] | |||
===== Headwinds during the quarter ===== | |||
* CFO Lutz Meschke said business in Q3 was impacted by product change-overs, many supply chain disruptions and prudent management of supply and demand in China. | |||
* Lutz pointed out that supply chain disruptions as a resulting of flooding of an important European aluminum plant have been compensated but other supply chain risks still exist and have to be managed. | |||
* Lutz said all the three headwinds are behind them and we should expect improved performance from here. | |||
==== Management guidance ==== | |||
* Porsche's management [https://newsroom.porsche.com/en/2024/company/porsche-second-quarter-half-year-profit-sales-revenue-36915.html expects] sales revenue in the range of €39 to €40 billion (lowered from a range of €40 to 42 billion). | * Porsche's management [https://newsroom.porsche.com/en/2024/company/porsche-second-quarter-half-year-profit-sales-revenue-36915.html expects] sales revenue in the range of €39 to €40 billion (lowered from a range of €40 to 42 billion). | ||
* It expects operating return on sales in the range of 14% and 15% (lowered from a range of between 15% and 17%). | * It expects operating return on sales in the range of 14% and 15% (lowered from a range of between 15% and 17%). | ||
=== Analysts estimates at Marketscreener === | ==== Analysts estimates at Marketscreener ==== | ||
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