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

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

PORSCHE AUTOMOBIL HOLDING SE

(PAH3)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Porsche Automobil : reports robust demand in the first nine months; Cayenne and 911 increasingly popular

10/16/2020 | 11:49am EST

Stuttgart . In the first three quarters of 2020, Porsche delivered 191,547 vehicles to customers worldwide. Compared to the same period in the previous year, this was a reduction of five percent. 'Porsche is demonstrating resilience in the face of the coronavirus crises. Thanks to a fresh, updated product portfolio, we have been able to keep the decline in deliveries to a moderate level,' says Detlev von Platen, Member of the Executive Board for Sales and Marketing at Porsche AG. 'The Chinese market has recovered quickly after the lockdown, and demand in other markets is also showing significant growth once again - all of which has contributed to achieving this result.'

Positive development in Asia

China continues to be the largest single market for Porsche in terms of volume, accounting for 62,823 vehicles from January through September. Positive trends are also evident in Asia-Pacific, Africa and the Middle East as a whole: with 87,030 vehicle deliveries, the sports car manufacturer achieved a slight increase of one percent year-on-year. Customers in the US received 39,734 vehicles. In Europe, Porsche delivered 55,483 sports cars between January and September.

In terms of models, the Cayenne continued to lead demand: 64,299 units went to customers in the first nine months. The continued popularity of the Coupe model contributed to an increase of deliveries by four percent compared to the previous year. In addition, the iconic Porsche 911 was especially popular with deliveries of 25,400 units, one percent more than in the previous year. The Macan saw 55,124 vehicle deliveries. In the first three quarters, 10,944 customers worldwide received the all-electric Taycan. 'Porsche was not spared the effects of the coronavirus crisis. However, we look to the future with optimism - in particular thanks to our convincing product range and a continued increase in new orders,' says Detlev von Platen.

PORSCHE AG

Deliveries					January - September
					2019	2020	Difference
Worldwide				202,318	191,547	-5%
Europe					60,764	55,483	-9%
Germany				22,705	17,462	-23%
America				55,319	49,034	-11%
USA					45,062	39,734	-12%
Asia-Pacific, Africa and Middle East	86,235	87,030	1%
China					64,237	62,823	-2%

Further information, film and photo material in the Porsche Newsroom: newsroom.porsche.com

(C) 2020 Electronic News Publishing, source ENP Newswire

All news about PORSCHE AUTOMOBIL HOLDING SE
12/03Siemens Energy and Porsche, with partners, advance climate-neutral e-fuel dev..
AQ
12/03Electric hypercar maker Rimac says SPAC funding hype could damage industry
RE
12/02Germany makes near $10 million contribution to Siemens hydrogen plant in Chil..
RE
12/01WOLFGANG PORSCHE : VW seeks to avert crisis after CEO demands confidence vote
RE
11/30EXCLUSIVE : VW's executive committee to convene Tuesday to discuss CEO's future ..
RE
11/28EXCLUSIVE : VW CEO pushes for contract extension in vote of confidence move - so..
RE
11/27VW CEO pushes for contract extension in vote of confidence move -sources
RE
11/24PORSCHE AUTOMOBIL : Taycan drifts into the Guinness World Records book; Electric..
AQ
11/20These 11 EV Startups Are Chasing Tesla. They Can't All Win. -- Update
DJ
11/20These 11 EV Startups Are Chasing Tesla. They Can't All Win.
DJ
More news
Financials
Sales 2020 113 M 137 M 137 M
Net income 2020 2 603 M 3 164 M 3 164 M
Net cash 2020 586 M 712 M 712 M
P/E ratio 2020 5,35x
Yield 2020 3,56%
Capitalization 16 948 M 20 593 M 20 598 M
EV / Sales 2020 145x
EV / Sales 2021 131x
Nbr of Employees 915
Free-Float 50,0%
Chart PORSCHE AUTOMOBIL HOLDING SE
Duration : Period :
Porsche Automobil Holding SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PORSCHE AUTOMOBIL HOLDING SE
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 69,02 €
Last Close Price 55,34 €
Spread / Highest target 62,6%
Spread / Average Target 24,7%
Spread / Lowest Target -9,65%
EPS Revisions
Managers
NameTitle
Hans Dieter Pötsch Chairman-Management Board
Wolfgang Porsche Chairman-Supervisory Board
Ulrich Lehner Member-Supervisory Board
Ferdinand Oliver Porsche Member-Supervisory Board
Hans-Michel Piëch Deputy Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
PORSCHE AUTOMOBIL HOLDING SE-16.96%20 593
TOYOTA MOTOR CORPORATION-7.13%189 316
VOLKSWAGEN AG-16.72%93 967
DAIMLER AG16.45%74 308
GENERAL MOTORS COMPANY21.80%63 808
BMW AG1.63%57 909