Porsche Expects Weaker Returns Amid New Model Rollout

Porsche Expects Weaker Returns Amid New Model Rollout

By
Klaus Schmidt
1 min read

Porsche AG anticipates lower returns this year due to the costly rollout of new models and high development spending in a challenging global economy. The operating margin is projected to be between 15% to 17%, falling below analyst expectations and the company’s mid-term goals. Porsche has designated 2024 as a transition year with four new model launches expected to impact sales and profit significantly.

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