PAH3.DE - Porsche Automobil Holding SE

XETRA - XETRA Delayed price. Currency in EUR
44.09
+1.56 (+3.67%)
As of 10:27AM CEST. Market open.
Stock chart is not supported by your current browser
Previous close42.53
Open43.83
Bid44.07 x 14100
Ask44.12 x 12000
Day's range43.39 - 44.45
52-week range28.28 - 70.66
Volume124,703
Avg. volume737,550
Market cap13.503B
Beta (5Y monthly)1.69
PE ratio (TTM)3.06
EPS (TTM)14.39
Earnings date12 May 2020
Forward dividend & yield3.11 (7.48%)
Ex-dividend date20 May 2020
1y target estN/A
  • Porsche Eyes Deeper Overhaul as Virus Shatters Industry
    Bloomberg

    Porsche Eyes Deeper Overhaul as Virus Shatters Industry

    (Bloomberg) -- Porsche AG is looking to expand a 6 billion-euro ($6.9 billion) efficiency drive to help shoulder record investment and make Volkswagen AG’s most profitable brand more resilient to market slumps.While parts of the original plan are still under discussion with unions, the maker of the iconic 911 sportscar needs to do more to remain competitive, Chief Financial Officer Lutz Meschke said in an interview.“We need a toolbox of measures we can activate as soon as conditions change,” Meschke said. “It’s important that we are always able to react, including in a crisis scenario, instead of resorting to rushed actions.”The coronavirus effects threatening European supply chains hit manufacturers at a critical time as the industry reels from slowing global demand, tariff threats and stricter emission regulations. The challenges only add to pressure to protect Porsche’s financial muscle as parent VW powers up a 33 billion-euro spending binge to electrify the group over the next five years.At Porsche, the cost of shifting toward electric models, retooling factories and developing digital services will approach 15 billion euros in coming years, Meschke said.Still, the brand is sticking with its long-held goal to generate profit margins of at least 15%, more than twice as much as most VW group sister brands generate. Meschke reiterated the margin can fall below this threshold temporarily if a major crisis hits.Porsche’s revenue rose 10% to a record 26.1 billion euros last year, but higher costs and negative exchange-rate effects cut the brand’s operating margin to 16.2% from 17.4% in the previous year, according to a statement published by VW on Tuesday. Porsche plans to publish detailed earnings on Friday.To pool resources more efficiently, VW Chief Executive Officer Herbert Diess has put Porsche at the center of the group’s luxury portfolio spanning Bentley, Bugatti and potentially Lamborghini, which is currently still part of Audi.Meschke, who stirred controversy two years ago by commenting on the potential of a possible initial public offering of Porsche, said such a move “must remain an option.” He didn’t offer an indication that anything concrete is in the works, but pointed out that investors favor specialized companies like Ferrari or Tesla Inc. over conglomerates. “The preference is reflected in the valuations,” Meschke said.In China, Porsche sees a gradual recovery from the coronavirus outbreak that hurt sales in its largest market. March should see a gradual recovery for the brand there, followed by a further stabilization in April, Meschke said. But recouping all the lost sales during the course of the year will be difficult.The Asian country is by far the largest market for electric cars, another key initiative for Porsche. The brand, which started selling the battery-electric Taycan at the end of last year, expects to meet stricter emission rules in all its key markets and will add more electric cars as customer demand is robust.“From today’s perspective there is no way around electric mobility in the next 10 years,” he said. More than half of Porsche’s global deliveries are forecast to be fully or partly electric in 2025.Europe has set a fleet average of 95 grams of carbon dioxide per kilometer driven, less than half the 254 grams spewed by the latest 911 Turbo S. But with 5% of a manufacturer’s fleet excluded from the calculated average this year, and strong consumer appetite for Porsche hybrids, sales of at least 20,000 Taycan sedans in 2020 should help the sportscar maker offset the combustion-era guzzlers.The Taycan’s basic floor structure –- the so-called J1 platform -- will spawn additional models, and Porsche is considering a separate underpinning for an electric version of the 718 Boxster roadster, Meschke said. A final decision hasn’t been made yet.Porsche’s joint effort with sister brand Audi on electric-car technology for models including the Macan SUV helps save 30% in development cost, he said. Deeper collaboration within the VW group and teaming up with technology firms in key markets will also keep Porsche competitive in a fundamentally-changing competitive landscape where software plays a key role, he said.Story Link: Porsche Eyes Deeper Overhaul Amid Costly Shift to EV Models(Updates with Porsche results in seventh paragraph.)To contact the reporter on this story: Christoph Rauwald in Frankfurt at crauwald@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Andrew NoëlFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Car of the Year 2020: Peugeot 208 wins at cancelled Geneva Motor Show
    Yahoo Finance UK

    Car of the Year 2020: Peugeot 208 wins at cancelled Geneva Motor Show

    Carmakers turn to online premieres after Geneva Motor Show axed over coronavirus fears.

  • Porsche NA CEO Klaus Zellmer is coming to TC Sessions: Mobility
    TechCrunch

    Porsche NA CEO Klaus Zellmer is coming to TC Sessions: Mobility

    The name Porsche has been synonymous with gas-powered high-performance sports cars and racing for nearly three quarters of a century. Now, the sports car manufacturer that is owned by Volkswagen Group is trying to build a new legacy, starting with its first all-electric vehicle, the Porsche Taycan. Porsche has said that the Taycan, which was first unveiled in September, is just the beginning.

  • Porsche 911 GT3 Experience: Who knew school could be so much fun?
    Yahoo Finance

    Porsche 911 GT3 Experience: Who knew school could be so much fun?

    Porsche offers a slew of courses, or experiences, at its Porsche Experience Center in Atlanta, as well as a new facility out in Los Angeles. I decided to take the Porsche 911 GT3 experience for a spin.

  • Porsche and Lucasfilm co-designed a new starfighter for the Star Wars universe
    TechCrunch

    Porsche and Lucasfilm co-designed a new starfighter for the Star Wars universe

    Porsche typically concerns itself with terrestrial vehicle designs, but for a new project it worked with Lucasfilm designers in collaboration on a new starfighter for the Star Wars universe. Note that the S-91x won't actually be in the movie -- it's more of a design exercise and promotional thing than something that is actually intended to feature in narrative Star Wars universe content. Porsche designers even zeroed in on cockpit comfort and ergonomics with this spacious three-seater design, which is more than you can say for whoever created the cramped and pretty austere interior of the X-Wing, or the submarine-during-combat-maneuvers cabin lighting of the TIE fighter cockpit.

  • Aeva snags VW investment with smaller, longer-range lidar
    TechCrunch

    Aeva snags VW investment with smaller, longer-range lidar

    Lidar startup Aeva has deepened its relationship with VW Group with a new investment from Porsche Automobili Holding SE, thanks to a next-generation sensor that is headed for the ID Buzz AV, an electric reboot of the automaker's iconic bus that will be used as autonomous taxis. Aeva's newest lidar product, called Aeries, has a 120-degree field-of-view — twice as much as its first product — and yet is half the size and uses less power. All of the components of the new lidar fit onto a single chip, an achievement that Aeva CEO Soroush Salehian said will cost $500 at scale, considerably cheaper than current sensors on the market.

  • Porsche's electric Taycan draws interest from 30,000 buyers - Handelsblatt
    Reuters

    Porsche's electric Taycan draws interest from 30,000 buyers - Handelsblatt

    Porsche has taken down payments from 30,000 customers in Europe for its Taycan, the luxury car maker's first fully electric model, CEO Oliver Blume told Germany's Handelsblatt newspaper. Porsche, which is starting shipment of the Taycan to U.S. dealerships this month and to other markets shortly thereafter, is planning to deliver 20,000 Taycans in 2020. Porsche is under pressure from peer Tesla , which last month announced that it will build its first European factory and design centre near Berlin.

  • High-end premium car thefts rise in the UK
    Yahoo Finance UK

    High-end premium car thefts rise in the UK

    The number of premium brand cars stolen across the UK has more than doubled in the past five years, new data reveals.

  • Tesla's Nuerburgring run revs up debate over speed records
    Reuters

    Tesla's Nuerburgring run revs up debate over speed records

    Tesla Inc's attempts to humble Porsche with a new lap record on Germany's legendary Nordschleife racetrack have reignited a controversy about the value of lap times, as the circuit steps in to quash claims of cheating. Porsche and U.S.-based Tesla are battling to establish supremacy in lap times for four-door electric sportscars, but comparisons are not exact, as conditions, ranging from car modifications to tyre types, vary with each test. "We want to have circumstances that can be understood and replicated," said Nuerburgring spokesman Alexander Gerhard, adding that the racing circuit operator had moved to tighten rules by which a car maker can claim a certified lap time.

  • Boeing partners with Porsche on electric flying car
    Reuters

    Boeing partners with Porsche on electric flying car

    Boeing is already competing with arch-rival Airbus SE and other companies to introduce small self-flying vehicles capable of vertical takeoff and landing. The test flight was within months of Airbus showcasing a prototype of an autonomous passenger vehicle in partnership with Volkswagen's premium brand, Audi, that has the ability to both fly and drive. Porsche has been aiming to build flying cars that can be used as taxis and for ride-sharing purposes.

  • Reuters - UK Focus

    LIVE MARKETS-Closing snapshot: mixed bag in Europe

    * European shares end at day lows as Wall Street pares gains * FTSE falls as sterling rallies after UK Supreme Court rules PM Johnson acted unlawfully * German business morale bounces as "downturn takes a breather" * US Treasury's Mnuchin: trade talks to resume next month Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net CLOSING SNAPSHOT: MIXED BAG IN EUROPE (1544 GMT) A late sell-off as Wall Street pared gains has pushed some of the major euro-zone bourses to close at their lowest levels of the day and in some cases in the red. London's blue-chip FTSE 100 has lagged the broader market as sterling has rallied after the Supreme Court ruling struck a blow to PM Boris Johnson's Brexit plan.

  • Reuters - UK Focus

    LIVE MARKETS-Saddle up for more UK political upheaval

    * European shares rise slightly after heavy drop * FTSE falls as sterling rallies after UK Supreme Court rules PM Johnson acted unlawfully * German business morale bounces as "downturn takes a breather" * US Treasury's Mnuchin: trade talks to resume next month * Wall Street opens higher Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net SADDLE UP FOR MORE UK POLITICAL UPHEAVAL (1515 GMT) Britain was bracing for a general election but now people are betting on the country having its third PM resign over its tortuous Brexit process in as many years. London stock markets don't appear quite so certain - the domestically focused FTSE 250 is down 0.6% even as sterling has rallied.

  • Reuters - UK Focus

    LIVE MARKETS-A surprising tale of two markets

    * European shares rise slightly after heavy drop * FTSE falls as sterling rallies after UK Supreme Court rules PM Johnson acted unlawfully * German business morale bounces as "downturn takes a breather" * US Treasury's Mnuchin: trade talks to resume next month * Wall Street opens higher Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net A SURPRISING TALE OF TWO MARKETS (1458 GMT) A glance at the Citigroup Economic Surprise Index, a barometer for economic sentiment in a country, this week provides a stark example of the diverging fortunes between the U.S. and euro zone.

  • Reuters - UK Focus

    LIVE MARKETS-Englishman in New York (waking up to another Brexit blow)

    * European shares rise slightly after heavy drop * UK Supreme Court rules PM Johnson acted unlawfully * German business morale bounces as "downturn takes a breather" * In Asia, shares inch up on trade hopes * US Treasury's Mnuchin: trade talks to resume next month Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net ENGLISHMAN IN NEW YORK (WAKING UP TO ANOTHER BREXIT BLOW) (1035 GMT) It's early morning in New York and PM Boris Johnson, attending the UN, is waking up to the UK Supreme Court ruling that he acted unlawfully when he advised the Queen to suspend parliament just weeks before Brexit and that therefore the legislature had not been prorogued.

  • Reuters - UK Focus

    LIVE MARKETS-Data gloom sends autos into reverse

    * European shares open higher after drop * UK Supreme Court rules PM Johnson acted unlawfully * German business morale bounces as "downturn takes a breather" * In Asia, shares inch up on trade hopes * US Treasury's Mnuchin: trade talks to resume next month Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net DATA GLOOM SENDS AUTOS INTO REVERSE (1003 GMT) Autos are leading fallers in Europe and this time tariff war headlines can't be directly blamed. The auto industry is at the core of Europe's manufacturing sector and data this week has painted a rather grim picture, especially for export-oriented Germany, where big car makers are based.

  • The Tesla-Porsche Battle Is Heating Up
    Market Realist

    The Tesla-Porsche Battle Is Heating Up

    Since Porsche launched the Taycan, Tesla has been trying to prove its supremacy in terms of various features. It recently revealed its upcoming Plaid Mode.

  • VW, Porsche to recall around 227,000 cars over airbag, seatbelt issues - report
    Reuters

    VW, Porsche to recall around 227,000 cars over airbag, seatbelt issues - report

    Volkswagen and Porsche have to recall around 227,000 cars due to problems with airbags and seatbelt pre-tensioners, Germany's Stuttgarter Zeitung said on Thursday. The newspaper said the Tiguan, Sharan and CC models built in 2015 as well as Porsche 911, Boxter, Cayman und Panamera models from 2015 and 2016. It cited Germany's KBA federal motor authority as saying the cars needed an update to the software of the airbag control units.

  • VW, Porsche to recall around 227,000 cars over airbag, seatbelt issues: report
    Reuters

    VW, Porsche to recall around 227,000 cars over airbag, seatbelt issues: report

    Volkswagen and Porsche have to recall around 227,000 cars due to problems with airbags and seatbelt pre-tensioners, Germany's Stuttgarter Zeitung said on Thursday. The newspaper said the Tiguan, Sharan and CC models built in 2015 as well as Porsche 911, Boxter, Cayman and Panamera models from 2015 and 2016. It cited Germany's KBA federal motor authority as saying the cars needed an update to the software of the airbag control units.

By using Yahoo, you agree that we and our partners can use cookies for purposes such as customising content and advertising. See our Privacy Policy to learn more