Porsche Automobil Holding SE (POAHF)
- Bloomberg
Porsche in Talks With Creditors BlueBay, Hayfin Over Varta Deal
(Bloomberg) -- Varta AG’s creditors including RBC BlueBay Asset Management are in talks with Porsche AG to join forces on a restructuring deal for the embattled battery maker. Most Read from BloombergHarris Just Showed Why Trump Is So Afraid of HerTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisI Changed My Mind. The Fed Needs to Cut Rates Now.Wall Street’s Rotation Resurfaces After GDP Data: Markets WrapYen’s Gain Sparks ‘Widespread Liquidation’ Across MarketsThe creditor group,
- Reuters
Porsche bids to restore output, tackle supply chain risks in second half
BERLIN (Reuters) -Porsche said on Wednesday it was fighting to restore production volumes and re-prioritise spending towards a more flexible product line-up after months of supply chain snags, slow EV demand and a sales slump in China. Analysts welcomed its half-year results as solid and in line with expectations, but said that Tuesday's news of a deep cut to expected production volumes in the second quarter had shaken investor confidence. "A premium stock requires premium execution and delivery ... investors are starting to develop serious doubts about your operation execution power," Tim Rokossa of Deutsche Bank said on an analyst call.
- Investing.com
Porsche lowers forecasts: Floods and sluggish demand weigh on shares
Investing.com - The luxury car manufacturer Porsche (ETR:P911_p) has significantly lowered its revenue forecast for the current year. Due to flood damage at an aluminum supplier, the company now expects revenues of EUR 39 billion to 40B, instead of the previously expected EUR 40B to 42B. The EBIT margin will also be lower, ranging between 14 to 15%, compared to the previously targeted 15 to 17%.
