We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Volkswagen AG | TG:VOW3 | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.80 | -0.65% | 121.40 | 121.20 | 121.40 | 122.75 | 120.55 | 122.45 | 133,872 | 17:09:44 |
From May 2019 to May 2024
By Jessica Sier
Porsche AG recorded a drop in first-quarter profits as persistently high costs caused sales to slump, the Volkswagen AG subsidiary said Thursday.
The German sports-car manufacturer said operating profit fell by 34% to 600 million euros ($651.4 million), compared to the previous year.
Return on sales dropped to 9.5% and deliveries were down by 5%, the company said.
"As a result of the coronavirus crisis, a drop in volume and costs related to continued high investments in electrification and digitalization both worked against the positive developments," said Lutz Meschke, deputy chairman of the executive board at Porsche.
"Due to the coronavirus crisis, these expenditures were not able to be offset by increased earnings in the first quarter," he said.
Write to Jessica Sier at jessica.sier@wsj.com
(END) Dow Jones Newswires
April 30, 2020 06:09 ET (10:09 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year Volkswagen Chart |
1 Month Volkswagen Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
