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

PORSCHE AUTOMOBIL HOLDING SE

(PAH3)
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Porsche Automobil : Runner-up's spot for Audi in gripping edition of the Spa 24 Hours

10/26/2020 | 05:32am EST

Audi, Porsche, Lamborghini, Ferrari and Mercedes-AMG were five brands that still had real chances of claiming victory in the Ardennes on Sunday morning. From the 18th to the 23rd hour of the race as many as two different Audi teams were running in front with the R8 LMS: Audi Sport Team Sainteloc, the winners of the 2017 event, led the race with Dorian Boccolacci, Christopher Haase and Markus Winkelhock. Depending on the pit stop sequence and overtaking maneuvers, Audi Sport Team Attempto with Mattia Drudi, Patric Niederhauser and Frederic Vervisch were running in the top spot as well. When rain became increasingly intensive in the last 90 minutes, Porsche'sRowe Racing team intercepted the Attempto Audi while Sainteloc claimed sixth position.

Car number 30 from Audi Sport Team WRT crossed the finish line as the third-best Audi. The driver combination of Ferdinand Habsburg/Dennis Marschall/Matthieu Vaxiviere, which had been formed just shortly before the beginning of the race, achieved 14th place. Vincent Vosse's two-time winning squad had previously recorded three retirements: Kelvin van der Linde/Christopher Mies/Dries Vanthoor were running in a promising position when a defect forced them to retire on lap 139, Charles Weerts' car was heavily hit by a rival on lap 72, and Benjamin Goethe was fourth in the Silver classification when he crashed around noon on Sunday. Car #26 from Sainteloc Racing retired after an accident as well, while damage following contact with an opponent resulting in a subsequent puncture forced number 55 from Attempto Racing to retire.

The Spa 24 Hours marked the third round of the Intercontinental GT Challenge. Before the finale, Audi has moved up from sixth to third position in the manufacturers' classification. Like last year, the Kyalami 9 Hour from December 10th to 12th will conclude the championship in the only global GT3 racing series.

- End -

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(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials
Sales 2020 113 M 135 M 135 M
Net income 2020 2 603 M 3 114 M 3 114 M
Net cash 2020 586 M 701 M 701 M
P/E ratio 2020 5,32x
Yield 2020 3,58%
Capitalization 16 844 M 20 138 M 20 150 M
EV / Sales 2020 144x
EV / Sales 2021 130x
Nbr of Employees 915
Free-Float 50,0%
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Technical analysis trends PORSCHE AUTOMOBIL HOLDING SE
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 69,02 €
Last Close Price 55,00 €
Spread / Highest target 63,6%
Spread / Average Target 25,5%
Spread / Lowest Target -9,09%
EPS Revisions
Managers
NameTitle
Hans Dieter Pötsch Chairman-Management Board
Wolfgang Porsche Chairman-Supervisory Board
Ulrich Lehner Member-Supervisory Board
Ferdinand Oliver Porsche Member-Supervisory Board
Hans-Michel Piëch Deputy Chairman-Supervisory Board
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