Porsche confirms earnings outlook for 2024 in call to investors, according to a Reuters analyst note

(Reuters) – Porsche reaffirmed its 2024 earnings outlook of a 14-15% profit margin in a call with investors on Tuesday and said it expects 2025 to remain challenging, according to a note from analysts at Bernstein Research.

The call to investors was held ahead of the company’s closed information period ahead of annual results scheduled for March 12.

Porsche was not immediately available for comment.

The carmaker said it expects sales volumes to fall this year due to the withdrawal of the combustion engine Macan and 718 from the European Union from the end of June, as well as possible further supply chain issues for the 911, the note said.

Porsche is working to reduce its footprint in China and will provide more details in its results announcement on March 12, the note said.