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MarketScreener Homepage  >  Equities  >  Xetra  >  Porsche Automobil Holding SE    PAH3   DE000PAH0038

PORSCHE AUTOMOBIL HOLDING SE

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Porsche Automobil : German Authority Investigating Porsche for Product Conformity in the EU

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08/24/2020 | 11:21am EDT

By Cecilia Butini

Germany's Federal Motor Transport Authority is investigating Porsche AG to confirm whether its vehicles conform with European Union regulations on vehicle parts and emissions, the authority said on Monday.

Porsche, the sports car brand owned by the Volkswagen AG group, said the investigation started after the company brought a series of issues to the attention of regulators. It declined to comment on the specific subject of the investigation.

Porsche also said that the issues it raised with regulators centered around the use of hardware and software in its vehicles' certification testing phase that may have been different to the components used on series vehicles.

A spokesman for the German Motor Transport Authority, or KBA, said he couldn't provide a timeline for the investigation or say when more information would be released. The KBA is focusing its investigation on vehicles that were produced up until 2017 for the European market, he said.

Porsche said there is no evidence that vehicles from current production are affected by the investigation.

 

Write to Cecilia Butini at cecilia.butini@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
PORSCHE AUTOMOBIL HOLDING SE 0.57% 46 Delayed Quote.-30.97%
VOLKSWAGEN AG -1.45% 125.1 Delayed Quote.-29.02%
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Financials
Sales 2020 113 M 131 M 131 M
Net income 2020 2 055 M 2 393 M 2 393 M
Net cash 2020 530 M 617 M 617 M
P/E ratio 2020 5,01x
Yield 2020 4,50%
Capitalization 14 088 M 16 417 M 16 405 M
EV / Sales 2020 120x
EV / Sales 2021 110x
Nbr of Employees 927
Free-Float 50,0%
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Technical analysis trends PORSCHE AUTOMOBIL HOLDING SE
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 66,02 €
Last Close Price 46,00 €
Spread / Highest target 73,9%
Spread / Average Target 43,5%
Spread / Lowest Target 4,35%
EPS Revisions
Managers
NameTitle
Hans Dieter PŲtsch Chairman-Management Board
Wolfgang Porsche Chairman-Supervisory Board
Ulrich Lehner Member-Supervisory Board
Ferdinand Oliver Porsche Member-Supervisory Board
Hans-Michel PiŽch Deputy Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
PORSCHE AUTOMOBIL HOLDING SE-30.97%16 417
TOYOTA MOTOR CORPORATION-11.81%181 881
VOLKSWAGEN AG-29.02%76 005
DAIMLER AG-10.07%55 356
GENERAL MOTORS COMPANY-5.66%49 931
BMW AG-19.77%44 109