Porsche plans 3,900 job cuts to boost profitability [Yahoo! Finance]
PORSCHE AUTOMBL UNSP/ADR (POAHY)
NASDAQ:AMEX Investor Relations:
porsche-se.com/en/investor-relations
Company Research
Source: Yahoo! Finance
The German luxury carmaker will reduce its workforce by around 1,900 positions by 2029, leveraging demographic changes, natural turnover, and a restrictive hiring policy. Additionally, a further 2,000 positions will be phased out through the expiration of fixed-term employment contracts. The company is also implementing voluntary measures such as partial retirement programmes and severance agreements. The move comes as the company reported Group sales revenue of €40.1bn for 2024 financial year, ending 31 December. The sales revenue was decreased a 1% below the previous year's €40.5bn. This stability was largely attributed to a higher proportion of customisations and improved price positioning of newly launched products. However, Group operating profit declined to €5.6bn, down from €7.3bn in the previous year, while the Group operating return on sales dropped from 18.0% to 14.1%. The 2024 financial year's earnings were heavily influenced by the challenging economic conditi
Show less
Read more
Impact Snapshot
Event Time:
POAHY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
POAHY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
POAHY alerts
High impacting PORSCHE AUTOMBL UNSP/ADR news events
Weekly update
A roundup of the hottest topics
POAHY
News
- Dieselgate: The Volkswagen Emissions Scandal Explained [Yahoo! Finance]Yahoo! Finance
- Gordon Murray Automotive Receives $120 Million Injection of Capital for Future Bespoke Supercars [Yahoo! Finance]Yahoo! Finance
- Porsche To Ferrari: The EVs Drawing The Most Attention Ahead Of 2026 [zero hedge]zero hedge
- How Auction Site Pcarmarket Aims To Be The One-Stop Shop For Porsches [Forbes]Forbes
- How The Quality Of Your EV's Charge Is Linked To Software [Forbes]Forbes