Porsche AG Forecasts Lower Profitability in 2024, Increases Dividend

Porsche AG has announced expectations of lower profitability in 2024 due to the launch of four new models amidst challenging global economic conditions. Despite this forecast, the German luxury carmaker has decided to increase its dividend, following strong financial results in 2023. The company's decision reflects its commitment to shareholders while it navigates through the anticipated decrease in returns.