Porsche confirms margin forecasts

Despite an unstable global automotive market, German automaker Porsche said on Thursday that it was confirming its margin forecasts for 2023 and beyond.

 

Luxury car manufacturer Porsche AG reaffirmed its forecast for 2023 on Thursday, September 28, stressing that demand for its vehicles remains robust despite a difficult global economic environment.

 

“Global financial markets have been under intense pressure in recent weeks. One of the major reasons for this is the growing uncertainty about global economic growth, resulting from the numerous interest rate hikes by central banks,” the brand said in a statement.

 

“At the same time, there are growing concerns about economic developments in China, which has also influenced Porsche AG’s share price.”

 

Stabilized despite concerns

 




To continue reading this article, subscribe or log in to your account

Discover our plans

Subscribe for 1€

Become an active member of the community of luxury leaders.

 

Read also>PORSCHE REMAINS NUMBER ONE IN THE BRAND FINANCE 2023 RANKING OF THE 100 MOST VALUABLE LUXURY BRANDS

Featured photo : ©Porsche

Picture of Hugues Reydellet
Hugues Reydellet
Hugues Reydellet is a young and passionate journalist whose favorite subjects are economy, culture, gastronomy, but also cars, and sports. With a sharp pen and an insatiable curiosity, Hugues is constantly on the lookout for new hot information to report.

Subscribe to our Newsletter

Sign up now to receive sneak previews of our programs and articles!

Launch offer:

Your participation in the Camille Fournet Masterclass reserved for annual subscriber !

Luxus Plus Newsletter