Porsche recently reported lower sales for the fourth quarter of 2023. With the launch of four new models planned for 2024, the luxury carmaker is anticipating higher sales, despite persistent operational challenges.
Porsche unveiled its ambitious forecasts for the coming year on Tuesday March 12. The results unveiled by the luxury carmaker attracted the attention of analysts and investors, offering a glimpse of the challenges and opportunities in a global economic context in transition.
In the fourth quarter of 2023, Porsche recorded sales of 10.4 billion euros, marking a slight decline of -5% year-on-year. However, with growth of +7% on the previous quarter, this performance exceeded analysts’ expectations.
Adjusted EBIT amounted to 1.8 billion euros, up +3% year-on-year, also exceeding estimates.
New models for new forecasts
To continue reading this article, subscribe or log in to your account
Discover our plans
- Every day, keep up to date with the latest business news from the world of luxury.
- Receive the essential luxury business news by email every week
- Access all our events
- The Luxury Journals and Luxus Magazine in print and digital versions
Subscribe for 1€
Become an active member of the community of luxury leaders.
Read also>PORSCHE EXPORTS SOAR IN 2023
Featured photo : © Porsche
