Porsche results.
Discussion
For any of you interested in the stockmarket valuation of Porsche, the company has just been marked down by the analysts for not doing as well as expected.
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Porsche have announced a cashflow of 6.6 billion € for the year up to July 2005, 6.8% up on the 2004 figures but lower than anticipated by the analysts. Profits increased for the 11th year running, and they are optimistic for 2005/2006.
- They sold 88,379 cars in this period, up 15% and better than their target of 80,000.
- They are considering working with VW on a hybrid motor solution. The project is predicted to cost 100s of millions of €.
- The Cayman S will be presented at Frankfurt. It will be available from the 26th of November at a cost of 50,300 € before tax.
- Wiedeking stated that the company's exposure to dollar fluctuation risks have been hedged until 2009.
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Porsche have announced a cashflow of 6.6 billion € for the year up to July 2005, 6.8% up on the 2004 figures but lower than anticipated by the analysts. Profits increased for the 11th year running, and they are optimistic for 2005/2006.
- They sold 88,379 cars in this period, up 15% and better than their target of 80,000.
- They are considering working with VW on a hybrid motor solution. The project is predicted to cost 100s of millions of €.
- The Cayman S will be presented at Frankfurt. It will be available from the 26th of November at a cost of 50,300 € before tax.
- Wiedeking stated that the company's exposure to dollar fluctuation risks have been hedged until 2009.
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