Porsche AG Ebit Margins Don't Reach Ferrari -- Market Talk
20 Juin 2022 - 1:19PM
Dow Jones News
Volkswagen's sports-car maker Porsche AG is seen reporting
high-teens Ebit margins but won't be able to reach Ferrari's
margin, which was around 25% in 2021, Bernstein analysts say in a
note. "While EBIT margins are impressive for a car OEM [original
equipment manufacturer], they do not reach Ferrari's, are towards
the lower end of luxury companies, and have displayed typical
cyclicality - especially during downturns," say the analysts about
Porsche's margins. German car maker Volkswagen is planning to list
part of its Porsche AG subsidiary, which Bernstein gives a fair
market value of around EUR75 billion, on the stock market later
this year. Porsche delivers around 300,000 cars annually, while
Ferrari sells around 11,000 vehicles a year, the analysts say.
(kim.richters@wsj.com)
(END) Dow Jones Newswires
June 20, 2022 07:04 ET (11:04 GMT)
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