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Volkswagen:Quarterly Results/2024 Q4: Difference between revisions
→Results and earnings call summary
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=== Porsche Earnings call summary === | === Porsche Earnings call summary === | ||
[https:// | [https://seekingalpha.com/article/4767009-dr-ing-h-c-f-porsche-ag-drpry-q4-2024-earnings-call-transcript Q4 2024 Porsche Earnings Call Transcript] | ||
==== 2025 guidance ==== | ==== 2025 guidance ==== | ||
* | * CFO Jochen said they are confident that they will reach the 2025 guidance. "And a short and crisp answer would be, of course, we strongly believe in the 10% to 12%. Our internal projections are sitting well within that corridor. And if no tariff scenario hits us severely, we really have everything set up in terms of our cost programs, in terms of our targets in the market that we will reach the guidance." | ||
* | * Jochen said Q1 will be muted, but that's a seasonal trend. | ||
* Jochen said the order book has normalized but is sitting on a robust and healthy level. | |||
* Jochen said they don't expect 2025 decline in deliveries to be as high as 10%. "We would expect that we will see a decline that is not as high as 10% but we do not want to disclose a concrete number at this point in time," he said. "Second question, demand in the United States is at a very healthy at a great level so that's a region that really helps us in filling our targets that we have." | |||
==== Products ==== | ==== Products ==== | ||
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* Blume said Porsche showed strong pricing in 2024. | * Blume said Porsche showed strong pricing in 2024. | ||
* | * Jochen said they will '''increase prices further in 2025, especially on the 911 and that will enable them to reach their margin guidance. "With the model year changes in the mid of the year, we will increase prices in most regions and most models," he said.''' | ||
==== Supply chain ==== | ==== Supply chain ==== | ||
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==== '''Tariffs''' ==== | ==== '''Tariffs''' ==== | ||
* | * Jochen said the tariffs is giving them to some extent <nowiki>''</nowiki>sleepless nights". | ||
* | * Jochen said if the tariffs were to come they will '''first look into additional pricing since they have a great and loyal customer base.''' But they will do so in a differentiated way i.e increasing prices for the 911 and not for the SUV segment. He added that they will also look more into fixed cost to reduce the impact on margins. | ||
* | * Jochen said at the moment they don't see localizing production in the US. | ||
==== Competition ==== | ==== Competition ==== | ||