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    P911   DE000PAG9113

PORSCHE AG

(P911)
  Report
Real-time Estimate Tradegate  -  03:59 2022-12-05 pm EST
106.28 EUR   -1.28%
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Volkswagen brands preparing for listing as training exercise - Handelsblatt

10/04/2022 | 02:44am EST
FILE PHOTO: Volkswagen logo at the carmaker's plant in Puebla, Mexico

BERLIN (Reuters) - Volkswagen brands have been instructed to prepare for a stock market listing as a training exercise, chief executive Oliver Blume said to Handelsblatt on Tuesday, without commenting on whether further listings were planned.

With the advice of a banking team, chief executives and financial officers at each brand were working on sharpening their focus with capital markets in mind, Blume said. The results of the exercise would be presented at a capital markets day next year.

"It should be understood like a training session," Blume said. "Within the Volkswagen Group I sense a clear motivation to give capital markets a higher relevance."

Volkswagen's listing of its sportscar brand Porsche last Thursday prompted speculation of further listings as a means of unlocking value in the Volkswagen Group, which executives view as strongly undervalued.

Porsche is already worth almost as much as its former parent, which Blume said to Handelsblatt underlined the potential hidden value in the group.

Volkswagen chief financial officer Arno Antlitz said to Reuters last week the next listing on the cards was of the group's battery unit PowerCo, declining to specify whether other brands like Audi could also be put on the market.

(Reporting by Victoria Waldersee, editing by Rachel More)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
PORSCHE AG -1.49% 106.05 Delayed Quote.0.00%
PORSCHE AUTOMOBIL HOLDING SE 0.96% 58.82 Delayed Quote.-30.31%
VOLKSWAGEN AG 1.31% 140.84 Delayed Quote.-21.67%
All news about PORSCHE AG
05:12aPORSCHE AG : JP Morgan reiterates its Buy rating
MD
04:18aVolkswagen CEO To Present New Software Strategy In Mid-December
MT
03:46aVolkswagen to discuss new software roadmap on Dec. 15 -Handelsblatt
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Analyst Recommendations on PORSCHE AG
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Financials
Sales 2022 38 304 M 40 252 M 40 252 M
Net income 2022 5 025 M 5 280 M 5 280 M
Net cash 2022 2 676 M 2 812 M 2 812 M
P/E ratio 2022 19,5x
Yield 2022 1,00%
Capitalization 96 293 M 101 B 101 B
EV / Sales 2022 2,44x
EV / Sales 2023 2,34x
Nbr of Employees 37 655
Free-Float 12,5%
Chart PORSCHE AG
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Porsche AG Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 105,70 €
Average target price 107,86 €
Spread / Average Target 2,05%
EPS Revisions
Managers and Directors
Oliver Ingo Blume Chairman-Management Board
Lutz Meschke Head-Controlling
Wolfgang Porsche Chairman-Supervisory Board
Michael Steiner Head-Research & Development
Claire Zhu Investment Manager
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