Porsche reported strong Q2 probably aided by improvement in pricing
- Porsche Q2 2024 revenue rose by 1% to 10.5 billion euros, beating analysts estimate (calculated) of 10.2 billion euros (-1.6%).
- Its Q2 operating return on sales was 17%, above analysts’ estimate (calculated) of 15.8% and at the upper end (17%) of management’s old outlook for 2024.
Assessment
The strong results are probably due to a 16% y/y (calculated) improvement in pricing, possibly due to new model launches. Unit sales were down 6% y/y (calculated).