2024-07-02 05:44:42 ET
Summary
- Despite current issues, Porsche as a luxury brand like Ferrari may see upside due to demand for high-level products.
- Porsche had a rough 2023 and may see earnings drop in 2024, but improved bottom-line margins and operating profit impressively.
- Challenges include investments in new models and BEV technology impacting the bottom line, but brand image and global presence offer upside potential.
Dear readers/followers,
Porsche ( OTCPK:POAHY ) didn't have a great 2023, and as things look right now, earnings in 2024 might drop as well. However, the company improved bottom-line margins and operating profit at an impressive level, and there's of course the elephant in the room that Porsche as a luxury brand, much like companies like Ferrari ( RACE ), will have some upside due to the demand for their high-level products.
Current challenges for Porsche do exist, and these are likely weighing on the bottom line, among these the company's investments in new models and BEV technology come at a price, impacting the bottom line. However, despite these issues, related to the cyclical environment and ownership structure, Porsche's brand image and global presence offer upside potential....
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For further details see:
Porsche: A Nice 6%+ Yield From One Of The Best Luxury Automobiles