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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 SE : Selects Jacksonville as New Southeastern Port of Entry

09/14/2015 | 09:56am EDT
Porsche Selects Jacksonville as New Southeastern Port of Entry

September 11, 2015


U.S. Porsche dealers sell 5,008 vehicles in August

Atlanta, Georgia. Porsche Cars North America, Inc. (PCNA) today announced the selection of Jacksonville, Florida, as its port of entry for new Porsche vehicles bound for dealers in the southeastern United States, effective October 2015.

PCNA Vehicle Logistics Manager Howard Chang explained, "Porsche conducted an extensive bid process and found Jaxport and the selected processing company, AMPORTS, offered the optimum combination of efficiency, quality, and service. We thank the processor, the port, and the Florida Department of Transportation for their responsiveness to our needs."

PCNA has imported cars for the southeast through Brunswick, Georgia, since 2002. Chang explained Porsche vehicles travel on the same vessels as Audi, Bentley, and Volkswagen vehicles bound for the region, and that when those companies moved to Jacksonville recently it necessitated an inefficient extra stop for every vessel. "Our goal is to ensure every waiting Porsche customer receives the car they want as fast we can get it to them," Chang noted.

Chang commended the company's relationship with the Port of Brunswick and the State of Georgia. "We have had a wonderful relationship with the Port of Brunswick and our processor there, Wallenius Wilhelmsen Logistics," Chang said. "We wish them every future success. We are gratified to learn they already have other customers to fill the space and we are confident employment there will stay the same or maybe even grow."

PCNA has other ports of entry in Davisville, Rhode Island; Houston, Texas; and San Diego, California. PCNA will continue importing genuine Porsche replacement parts through the Port of Savannah, Georgia.

About Porsche Cars North America Inc. | One Porsche Drive, Atlanta, GA 30354 USA
Established in 1984, Porsche Cars North America, Inc. (PCNA) is the exclusive U.S. importer of Porsche 918 Spyder, 911, Boxster and Cayman sports cars, the Macan and Cayenne SUVs, and Panamera sports sedans. Headquartered in Atlanta, Georgia since 1998, PCNA is also home to the first Porsche Experience Center in North America featuring a module-based 1.6 mile driver development track, business center, human performance center, and fine dining restaurant. PCNA employs approximately 300 people who provide parts, service, marketing, and training for 189 dealers. They, in turn, work to provide Porsche customers with a best-in-class experience that is in keeping with the brand's 65-plus year history and leadership in the advancement of vehicle performance, safety and efficiency. PCNA is a wholly-owned subsidiary of Porsche AG, which is headquartered in Stuttgart, Germany.

At the core of this success is Porsche's proud racing heritage that boasts some 30,000-plus motorsport wins to date.

Follow us: twitter.com/porsche | facebook.com/porsche

For Porsche apps: http://www.porsche.com/usa/entertainment/apps/

Note: Photos and video footage are available to accredited journalists on the Porsche Press Database at http://press.porsche.com/



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Financials
Sales 2021 117 M 141 M 141 M
Net income 2021 3 611 M 4 324 M 4 324 M
Net cash 2021 531 M 636 M 636 M
P/E ratio 2021 7,79x
Yield 2021 3,53%
Capitalization 29 057 M 34 790 M 34 793 M
EV / Sales 2021 243x
EV / Sales 2022 221x
Nbr of Employees 916
Free-Float 50,0%
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Mean consensus BUY
Number of Analysts 14
Average target price 101,84 €
Last Close Price 94,88 €
Spread / Highest target 37,0%
Spread / Average Target 7,33%
Spread / Lowest Target -39,7%
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Managers and Directors
NameTitle
Hans Dieter Pötsch Chairman-Management Board
Wolfgang Porsche Chairman-Supervisory Board
Lutz Meschke Head-Investment management
Ulrich Lehner Member-Supervisory Board
Ferdinand Oliver Porsche Member-Supervisory Board
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