Mar 12, 07:27 AM

Porsche Reports FY 2024 Earnings of €40.08B and Operating Profit of €5.64B, Puma Q4 Sales Match Estimates at €2.29B

Porsche reported its fiscal year 2024 earnings, revealing revenues of €40.08 billion, surpassing estimates of €39.41 billion. The operating profit was €5.64 billion, slightly above the expected €5.55 billion, with an operating return on sales of 14.1%, matching estimates. The company announced a dividend of €2.30 per share, exceeding the forecast of €2.14. For fiscal year 2025, Porsche projects revenues between €39 billion and €40 billion. In contrast, Puma's fourth-quarter 2024 earnings showed sales of €2.29 billion, aligning with estimates, and an EBIT of €109 million, also meeting expectations. Puma anticipates an adjusted EBIT for 2025, excluding costs, between €520 million and €600 million. Additionally, Mercedes Benz Group published its annual report, providing a financial review and guidance for 2025. Following the earnings report, Porsche's share price fell by 4%, with its market capitalization currently at €51 billion, trading at €55 per share.

#Porsche #Puma #Mercedes Benz Group

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