Porsche confirms 2024 earnings outlook in investor call, analyst's note says

(Reuters) - Porsche confirmed its net outlook for 2024 of a 14-15% nett borderline successful a telephone with investors connected Tuesday and said it expected 2025 to stay challenging, according to a enactment by Bernstein Research analysts.

The capitalist telephone was held earlier a closed play connected institution accusation earlier yearly results scheduled for March 12.

Porsche was not instantly disposable for comment.

The carmaker said that it expects income measurement to diminution this twelvemonth due to the fact that of the withdrawal of the combustion-engine Macan and 718 from the European Union from the extremity of June, arsenic good arsenic imaginable further proviso concatenation issues for the 911 model, according to the note.

Porsche is moving to trim its footprint successful China and volition supply much item successful its results telephone connected March 12, the enactment said.