Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Xetra  >  Porsche    PAH3   DE000PAH0038

PORSCHE (PAH3)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Porsche braced for smaller sales gain in China

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/25/2012 | 04:55pm CEST

German sportscar maker Porsche (>> Porsche Automobil Holding SE) is bracing for slower sales growth in China this year as the country's premium auto segment loses momentum amid a slowdown in economic growth.

German sportscar maker Porsche (>> Porsche Automobil Holding SE) is bracing for slower sales growth in China this year as the country's premium auto segment loses momentum amid a slowdown in economic growth.

China's economy grew at its slowest pace in the first quarter -- 8.1 percent against 8.9 percent in the previous three months -- in three years. Chinese auto sales climbed 4.5 percent in March to 1.4 million, but slid 1.3 percent over the quarter.

"Economic development in China is normalizing and the long-term outlook remains stable," sales chief Bernhard Maier told Reuters at the Beijing auto show.

Full-year growth in Porsche's Chinese sales, including the 911 sports car and the Cayenne sport-utility vehicle, may not exceed the 38 percent achieved in the first quarter, he said.

"At the end of the year there should be a reasonable increase in our growth in China," he said, without giving figures.

Porsche sold 65 percent more vehicles, or a total of 24,300, in the world's biggest car market last year.

Auto sales in the U.S. rose about 13 percent in March as consumers, energized by an improving job market, replaced old vehicles and took advantage of cheap financing. The U.S. and China are Porsche's two biggest sales markets.

China has been posting stronger rates of delivery growth for several years, though the U.S. may remain the sports car maker's biggest market in 2012, due to greater demand for new generations of the iconic 911 and mid-engine Boxster roadster, Maier said.

"Should the need for mobility develop as rapidly as projected, then China could surpass the United States over the middle or long term as our biggest market," he said.

Porsche, which is combining with Europe's biggest auto manufacturer Volkswagen (>> Volkswagen AG), may tap VW resources in a drive to boost global sales to about 200,000 units by 2018.

Worldwide deliveries rose 21 percent last year to 117,000 autos, with the Cayenne SUV, Porsche's best-selling model, contributing some 60,000 units.

(Editing by David Hulmes)

By Andreas Cremer

Stocks treated in this article : Porsche Automobil Holding SE, Volkswagen AG
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PORSCHE
02:39a PORSCHE : Rare Porsche 911 Turbo at British auction
06/23 PORSCHE : World's Fastest Porsche 962 Race Car Driven by Legendary Driver Derek ..
06/21 HYUNDAI MOTOR : Kia tops new car quality survey for second straight year
06/21 PORSCHE : Hat-trick heroes!
06/21 PORSCHE : Confessions of a Le Mans virgin
06/19 PORSCHE : Kiwis in ‘crazy’ comeback
06/19 PORSCHE : takes Le Mans win for 3rd straight year
06/19 PORSCHE : Millican, Capps win at Bristol racing notes
06/19 PORSCHE : RACES TO A HAT TRICK The German manufacturer took first place in the s..
06/19 PORSCHE : Bernhard powers back to hand Porsche a third consecutive 24 Hours of L..
More news
Sector news : Auto & Truck Manufacturers - NEC
12:09a INTERNAL DOSSIER CRITICISES AUDI TOP : Bild
06/24 Volkswagen's Slovak union says close to wage deal to end strike
06/24DJFIAT CHRYSLER'S GREEN AUTOS HAVE A P : They're Not for Sale
06/24DJHarley Circles Around VW's Ducati -- WSJ
06/23 HONDA MOTOR : engineer debunks own claim about cause of Takata air bag failures
More sector news : Auto & Truck Manufacturers - NEC
News from SeekingAlpha
06/01 EV Company News For The Month Of May 2017
05/17 WSJ : Volkswagen CEO targeted by German prosecutors in cheating probe
05/16 Notes From Biglari Holding's Annual Meeting
05/01 EV Company News For The Month Of April 2017
04/10 WALL STREET BREAKFAST : Investors Assess Geopolitical Risk
Advertisement
Financials (€)
Sales 2017 -
EBIT 2017 641 M
Net income 2017 3 249 M
Finance 2017 1 317 M
Yield 2017 2,95%
P/E ratio 2017 4,97
P/E ratio 2018 4,68
EV / Sales 2017 0
EV / Sales 2018 24 423x
Capitalization 7 693 M
More Financials
Chart PORSCHE
Duration : Period :
Porsche Technical Analysis Chart | PAH3 | DE000PAH0038 | 4-Traders
Full-screen chart
Technical analysis trends PORSCHE
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 63,7 €
Spread / Average Target 26%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Hans Dieter Pötsch Chairman-Executive Board & CFO
Wolfgang Porsche Chairman-Supervisory Board
Ulrich Lehner Member-Supervisory Board
Ferdinand Oliver Porsche Member-Supervisory Board
Hans Michel Piëch Deputy Chairman-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
PORSCHE-2.53%8 603
TOYOTA MOTOR CORP-14.79%171 765
DAIMLER-7.61%78 173
VOLKSWAGEN0.23%76 046
BAYERISCHE MOTOREN WER..-5.80%60 764
GENERAL MOTORS CORPORA..-1.87%51 612
More Results