Porsche Adjusts Forecast Due to Weaker Sales and Special Charges
Porsche Automobil Holding SE has revised its forecast for the year, taking into account weaker-than-expected sales and special charges in the first half. The company’s CEO, Oliver Blume, attributed the decline in sales to a significant decrease in demand for premium and luxury vehicles in China.
Market Performance
Despite the decline in sales, the stock market has shown a positive trend. On Tuesday, the DAX index rose by 1.04% (not over 1% as previously stated). The LUS-DAX also performed well, increasing by 1.21% at the end of the trading day.
Impact on Market Value
The company’s market value has been affected by the decline in auto sales and the imposition of US import tariffs. However, the stock price has shown some resilience, with a slight increase in recent days.
Key Statistics
- DAX index: 1.04% increase on Tuesday
- LUS-DAX: 1.21% increase at the end of the trading day
- US import tariffs: imposed on auto sales
- Porsche Automobil Holding SE: revised forecast due to weaker sales and special charges