Porsche reports sales of 19.46 billion euros for the 1st half of 2024, down 4.8% on the same period a year earlier.

The automaker posted an operating profit of 3.06 billion euros, down 20.5%, with an operating return on sales of 15.7% (vs. 18.9% a year earlier).

In the first six months of the year, Porsche delivered 155,945 vehicles, 6.8% fewer than at the same time last year.

Against this backdrop, Porsche is adjusting its forecasts for the 2024 financial year and is now targeting a return on sales of between 14% and 15% (previous forecast: between 15% and 17%), sales of between €39 and €40 billion (previous forecast: €40 to €42 billion) and an automotive EBITDA margin of between 23% and 24% (previous forecast: between 24% and 26%).

Finally, Porsche expects BEV sales to account for 12% to 13% of total sales (previous forecast: between 13% and 15%).


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