The IPO is set to be the second largest in German history, and potentially the third-largest in Europe.
More an SUV maker Porsche last year earned €4 billion on revenue of €33.14 billion. Its return on sales, its operating profit excluding the diesel penalty of 2019, reached 16% last year, and its earnings before interest, taxes, depreciation and amortization margin was 24.5%. Ferrari RACE, +1.08% RACE, -0.69% sported a margin of 35.7% last year.
Porsche is dependent on the fortunes of the world’s wealthy. “Especially in economic downturns, demand for the Group’s products may be reduced as customers may shift from buying luxury sports vehicles to buying vehicles in less expensive segments,” its IPO notes.
Source: News Formal (newsformal.com)
Germany needs to get real and quadruple renewable energy this year and every year 2023-2030. Excuses won’t matter, nuclear couldn’t even be built by then, so get to work now
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
German minister sees nuclear extension as increasingly likely - SpiegelGermany's economy minister expects to have to extend the lifespans of the country's last two nuclear power plants to avoid possible outages and grid bottlenecks in Europe's biggest economy this winter, Spiegel weekly reported on Tuesday.
Source: Reuters - 🏆 2. / 97 Read more »
Türkiye summons German envoy over politician's remarks against ErdoganTürkiye strongly condemns German politician's insult on President Erdogan and summons ambassador to Ankara to Turkish Foreign Ministry.
Source: trtworld - 🏆 101. / 63 Read more »
Park on Northwest Side Now Named After Gertrud Kolmar, German-Jewish Poet Killed in HolocaustKolmar Park was originally named for the street it is on, Kolmar Avenue. After learning of Gertrud Kolmar’s life and work, a local campaign was spearheaded to have the park rededicated in honor of the poet who died during the Holocaust.
Source: wttw - 🏆 520. / 51 Read more »
German population hits a record 84M due to Ukraine refugeesBERLIN (AP) — The influx of Ukrainian refugees to Germany has pushed the country's population to a new all-time high of more than 84 million, the German Federal Statistical Office said Tuesday. By the end of June, the country's population increased by 843,000 people, or 1%, compared to the end of 2021. Wasn’t Russia losing the war? Still working off all that ‘war guilt’ although Ukraine were heavily involved in that. How Times change.
Source: AP - 🏆 728. / 51 Read more »
Big tobacco backs German cannabis startup, alongside Snoop DoggSanity Group raises over $37 million in a round led by British American Tobacco.
Source: axios - 🏆 302. / 63 Read more »
German consumer sentiment expected to hit record low in OctoberMarket research group GfK's forward-looking consumer-sentiment index forecasts confidence declining to a worse-than-expected minus 42.5 in October from a...
Source: MarketWatch - 🏆 3. / 97 Read more »