The sports car manufacturer Porsche is preparing for stagnating shops and an even worse return in 2025 and therefore wants to build vehicles with internal combustion engines again. As the traditional company Stuttgart announced on Thursday evening after a supervisory board meeting, Porsche only expects between ten to twelve percent in the current financial year with an operational return on sales. Porsche plans revenues between 39 and 40 billion euros in sales. The supervisory board on Thursday approved “Extensive measures to strengthen the short and medium-term earnings power of society” on Thursday. This includes the extension of the offer with additional vehicle models with combustion engine and plug-in hybrid, the expansion of the special and exclusive factory as well as adjustments in the company organization. The costs for these measures will reduce the operational profit and the net cash flow in the car business by up to 800 million euros. The company continued to succeed the board, the sales for the past year are between 39 and 40 billion euros . In the return of sales, Porsche comes to 14 percent – from the “Road to 20”, the desired target brand of 20 percent, Porsche is far away and will lose sight of it even more in the coming months. The successor to CFO Lutz Meschke and Sales Director Detlev von Platen. Negotiations on a contract termination are underway among managers, with this the supervisory board commissioned the chairman of the committee, Wolfgang Porsche, on Saturday. As a candidate for the post of the CFO, according to the F.A.Z. Among other things, Holger Peters, a former Porsche manager who has been CFO of the VW brand ŠKODA for about a year and a half for about a year and a half. Jürgen Rittersberger, currently CFO of the Audi brand, is also considered suitable, as are several managers who are currently working in the second row of the sports car manufacturer in Stuttgart. As the successor to Platens on the post of the sales board, managers like Martin Sander could just come from Ford to the VW group and are currently the sales board of the Wolfsburg main brand V.Krise triggered by China business in a crisis that is primarily with the youngest Burglary of sales in the People’s Republic. Last but not least, Platen’s sales executive board, 61, is blamed, who is said to have warned too late and behavior against the emerging Chinese bacle. Finance board member Meschke, 58, again made it clear in a fire speech in October that Porsche must also expect lower production quantities because of the sales in China. The Supervisory Board also gives him responsibility for the crisis. From the perspective of the Porsche and Piëch families, however, Meschke was probably even more difficult for Meschke to have a more important position in the network of Porsche AG and the participation company of the families, the Porsche SE. Looked after the business stabilized between April and June and the company had increased the return on sales of 14.2 percent in the first to 17 percent in the second quarter. But in the third quarter, the margin collapsed to 10.8 percent. Porsche had already corrected the annual targets for 2024 in summer after a storm in Switzerland paralyzed several suppliers of aluminum alloys that are important for Porsche. For the year, the company had issued the goal of an operational return between 14 and 15 percent – instead of that in the first Half -year targeted 15 to 17 percent. The turnover should be between 39 and 40 billion euros (previously: 40 to 42 billion). This is exactly what the company now came out – however, Porsche wanted to avoid operative sales return at the lower end of the forecast bandwidth.
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