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Share Name Share Symbol Market Type
Volkswagen AG XE:VOW XETRA Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.20 1.75% 186.25 186.15 186.25 187.00 183.30 186.55 29,212 16:09:43

Porsche AG Ebit Margins Don't Reach Ferrari -- Market Talk

20/06/2022 12:19pm

Dow Jones News


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Volkswagen's sports-car maker Porsche AG is seen reporting high-teens Ebit margins but won't be able to reach Ferrari's margin, which was around 25% in 2021, Bernstein analysts say in a note. "While EBIT margins are impressive for a car OEM [original equipment manufacturer], they do not reach Ferrari's, are towards the lower end of luxury companies, and have displayed typical cyclicality - especially during downturns," say the analysts about Porsche's margins. German car maker Volkswagen is planning to list part of its Porsche AG subsidiary, which Bernstein gives a fair market value of around EUR75 billion, on the stock market later this year. Porsche delivers around 300,000 cars annually, while Ferrari sells around 11,000 vehicles a year, the analysts say. (kim.richters@wsj.com)

 

(END) Dow Jones Newswires

June 20, 2022 07:04 ET (11:04 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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