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Porsche AG kicks off a year of product launches with determination - Seite 3

Porsche confirms long-term forecasts
Despite a still challenging macroeconomic environment, Porsche AG is sticking to its forecasts, provided that the macroeconomic environment does not deteriorate significantly. The company expects a Group operating return on sales in the range of 15 to 17 per cent for the full year of 2024. This guidance is based on assumed Group sales revenue in the range of 40 to 42 billion euros. In the medium term, Porsche is sticking to its forecast of a Group operating return on sales of roughly 17 to 19 per cent. In the long term, the sports car manufacturer is aiming for a Group operating return on sales of more than 20 per cent.
 

Porsche AG Group	Q1 2024	Q1 2023	Change
Sales revenue	€ 9.01 billion	€ 10.10 billion	-10.8%
Operating profit	€ 1.28 billion	€ 1.84 billion	-30.3%
Operating return on sales	14.2%	18.2%
Automotive net cash flow	€ 0.11 billion	€ 1.43 billion	-92.3%
Deliveries	77,640	80,767	-3.9%

More information can be found on the Investor Relations Website: https://investorrelations.porsche.com/en/

Disclaimer
This release contains forward-looking statements and information that reflect Dr. Ing. h.c. F. Porsche AG's current views about future events. These statements are subject to many risks, uncertainties, and assumptions. They are based on assumptions relating to the development of the economic, political, and legal environment in individual countries, economic regions, and markets, and in particular for the automotive industry, which we have made on the basis of the information available to us and which we consider to be realistic at the time of publication. If any of these risks and uncertainties materializes or if the assumptions underlying any of the forward-looking statements prove to be incorrect, the actual results may be materially different from those Porsche AG expresses or implies by such statements. Forward-looking statements in this presentation are based solely on the circumstances at the date of publication.We do not update forward-looking statements retrospectively. Such statements are valid on the date of publication and can be superseded. This information does not constitute an offer to exchange or sell or an offer to exchange or buy any securities.

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