Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

PORSCHE AUTOMOBIL HOLDING SE

(PAH3)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Porsche Automobil : Croatia's hypercar maker Rimac explores strategic options

06/16/2021 | 11:27am EDT
FILE PHOTO: Rimac Automobili Concept_One electric supercar is displayed at the 2017 New York International Auto Show in New York, U.S.

FRANKFURT (Reuters) - Croatian electric hypercar maker Rimac is exploring several options for its future, a spokesperson for the group said in response to a report outlining plans for an initial public offering next year.

Germany's manager magazin earlier reported that Rimac, in which Volkswagen's Porsche unit owns a 24% stake, was planning an IPO in 2022 at a valuation of 5 billion euros ($6.1 billion), without disclosing where it obtained the information.

"As for going public, we're considering different options, but it hasn't been decided which direction we'll go in," the Rimac spokesperson said.

Rimac has developed an electric supercar platform which it supplies to other carmakers, including Automobili Pininfarina.

It is currently working on a strategic partnership with Volkswagen unit Bugatti, which will likely result in a joint venture between Porsche and Rimac, with Porsche as a minority partner, Volkswagen CEO Herbert Diess said in March.

"The future of Bugatti is an issue that will be decided on a group level," Porsche said in a statement, declining to comment further.

Porsche boss Oliver Blume earlier this year said intense discussions on Bugatti's future were ongoing and that Rimac could play a role as the brands were a good technological fit, adding that a decision was expected in the first half of 2021.

($1 = 0.8247 euros)

(Reporting by Christoph Steitz and Jan Schwartz; Editing by Madeline Chambers and Bernadette Baum)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
PORSCHE AUTOMOBIL HOLDING SE 1.17% 90.24 Delayed Quote.58.16%
VOLKSWAGEN AG 0.67% 203.85 Delayed Quote.32.86%
All news about PORSCHE AUTOMOBIL HOLDING SE
05:53aPORSCHE AUTOMOBIL : Secures Minority Stake in Germany's Isar Aerospace
MT
03:23aPORSCHE AUTOMOBIL : SE invests in rocket technology start-up Isar Aerospace
PU
01:13aBASF reports Q2 net profit beat on increased volumes, prices
RE
07/26EUROPE : European stocks ease from peaks, Prosus hits 1-year low
RE
07/26PORSCHE AUTOMOBIL : donates one million euros in emergency aid for flooded areas..
AQ
07/26European stocks ease from peaks, Prosus hits 1-year low
RE
07/26PORSCHE AUTOMOBIL HOLDING SE : Ex-dividend day for final dividend
FA
07/23PORSCHE SE : Annual general meeting approves dividend of 2.21 euro per preferenc..
PU
07/23PORSCHE AUTOMOBIL : Annual general meeting of Porsche SE decides on dividend pro..
PU
07/23MARKET CHATTER : Hankook Tire & Technology Starts Supplying Tires for Volkswagen..
MT
More news
Financials
Sales 2021 118 M 140 M 140 M
Net income 2021 3 983 M 4 702 M 4 702 M
Net cash 2021 370 M 437 M 437 M
P/E ratio 2021 6,80x
Yield 2021 3,87%
Capitalization 27 318 M 32 325 M 32 252 M
EV / Sales 2021 228x
EV / Sales 2022 205x
Nbr of Employees 908
Free-Float 50,0%
Chart PORSCHE AUTOMOBIL HOLDING SE
Duration : Period :
Porsche Automobil Holding SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PORSCHE AUTOMOBIL HOLDING SE
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 89,20 €
Average target price 111,88 €
Spread / Average Target 25,4%
EPS Revisions
Managers and Directors
Hans Dieter P÷tsch Chairman-Management Board
Wolfgang Porsche Chairman-Supervisory Board
Lutz Meschke Head-Investment management
Ulrich Lehner Member-Supervisory Board
Ferdinand Oliver Porsche Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
PORSCHE AUTOMOBIL HOLDING SE58.16%32 325
TOYOTA MOTOR CORPORATION24.05%251 487
VOLKSWAGEN AG32.86%146 691
DAIMLER AG28.07%93 691
GENERAL MOTORS COMPANY32.08%79 787
BMW AG16.13%64 710