Find public news by keyword, exact ticker, category and date.
Open a ticker page for its news coverage. The news search below stays a text search.
3 results loaded, newest first. End of these results.
Jefferies kept Porsche at hold with a 49 euro target after investor-event remarks on margins and cash returns. UBS raised Volvo to buy and Bernstein upgraded Continental to outperform, while shares in the sector were mixed.
Porsche said it is targeting a medium-term operating return on sales of 10%-15% and an automotive net cash flow margin of 9%-12%, with a longer-term operating margin of 15% and cash flow margin of 12% under its "Sportwagenschmiede '35" strategy.
Porsche AG presented its "Sportwagenschmiede '35" strategy, aiming to enhance its sports car identity with new products and technologies, improved price-sales positioning, and cost savings. The company targets a Group operating return on sales of 10 to 15 per cent in the medium term, and 15 per cent long-term.