PAH3.DE - Porsche Automobil Holding SE

XETRA - XETRA Delayed price. Currency in EUR
67.96
+0.22 (+0.32%)
At close: 5:36PM CET
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Previous close67.74
Open67.70
Bid67.94 x 14100
Ask67.98 x 12000
Day's range67.46 - 68.40
52-week range53.60 - 70.66
Volume224,115
Avg. volume364,742
Market cap20.813B
Beta (5Y monthly)1.61
PE ratio (TTM)5.27
EPS (TTM)12.90
Earnings date17 Mar 2020
Forward dividend & yield2.21 (3.26%)
Ex-dividend date28 Jun 2019
1y target estN/A
  • Porsche Defies Car Industry Gloom With Record Sales
    Bloomberg

    Porsche Defies Car Industry Gloom With Record Sales

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Porsche AG shrugged off widespread industry malaise, reporting record deliveries for last year and predicting that its first all-electric model, the Taycan, will generate further growth in 2020.Global deliveries rose 10% to 280,800 cars in 2019, driven mainly by strong consumer appetite for the Macan and Cayenne sport-utility vehicles, Porsche said Monday in a statement.“We’re optimistic that we can sustain the high demand in 2020,” sales chief Detlev von Platen said in the statement. Sales momentum should benefit from “the introduction of some new models and full order books for the Taycan,” he said.The most profitable division of Volkswagen AG, the world’s largest automaker, is entering a new era with this year’s rollout of the Taycan four-door sedan, which challenges Tesla Inc.’s Model S electric car. Porsche’s cachet has been shaped for decades by fast sports cars with roaring combustion engines, and success of the costly expansion into electric vehicles is mission-critical for the German manufacturer amid stricter emission regulations in key markets.Sales rose 8% last year in both China and the U.S., Porsche’s two largest markets. It sold 86,752 cars in China, where luxury rides have been less affected by the waning demand hurting the overall market, and 61,568 cars in the U.S. In Germany, sales advanced 15% to 31,618 vehicles.Porsche’s deliveries picked up toward the end of 2019 after sales in the first half of the year were held back by more complex emission tests in Europe and the decision to phase out diesel-engine offerings. Following the roll out of the Taycan, Porsche plans to add a more spacious version of the vehicle dubbed Cross Turismo at the end of 2020.Porsche embarked on a far-reaching overhaul to mitigate surging development costs for electric cars and new software features, which is aimed at lifting earnings by about 6 billion euros ($6.7 billion). The steps are needed to keep Porsche’s operating margin above a long-standing target of 15% return on sales as electric cars are still less profitable than combustion-engine vehicles like the 911 sportscar.(Updates with detail on Taycan plans in sixth 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, Ville Heiskanen, John BowkerFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • 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.

  • Oilprice.com

    Flying Taxis Are About To Overcome Their Biggest Obstacle

    Flying taxis are coming to a city near you, and their biggest backers aren’t the hundreds of shiny startups that have captured the imagination of Silicon Valley

  • 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.

  • Tesla takes on Porsche with battle on Germany's toughest circuit
    Reuters

    Tesla takes on Porsche with battle on Germany's toughest circuit

    Tesla wants to steal Porsche's bragging rights by testing its Model S on the northern loop of Germany's Nuerburgring circuit, using a marketing tool that German carmakers have long used to tout the superiority of their products. Germany’s Auto Motor und Sport this week published photographs of a Tesla with "100D+" markings on the track where according to the magazine, it clocked an unofficial time of 7 minutes and 23 seconds, beating the recently launched electric Porsche Taycan's lap time of 7 minutes 42 seconds.

  • Porsche increases stake in electric car maker Rimac Automobili to 15.5%
    TechCrunch

    Porsche increases stake in electric car maker Rimac Automobili to 15.5%

    Porsche AG is increasing its stake in Croatian electric vehicle components and hypercar company Rimac Automobili . The increased stake is the latest effort by Porsche to invest more into electric mobility, particularly in battery technology. It was just 14 months ago that Porsche took a 10% stake in Rimac.

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