Porsche's earnings per share slashed by a third in 2024, keeps dividend stable

Porsche's earnings per share slashed by a third in 2024, keeps dividend stable

Porsche said on Wednesday it will keep its dividend for 2024 at the previous year's level despite a 30.4% drop in earnings per share, according to Reuters calculations, as the luxury carmaker battles high costs and weak demand in China.

Luxury car brand to axe 4,000 jobs - and could pass expenses onto consumers

PORSCHE has announced plans to axe thousands of jobs as it battles high costs and weak demand in China. The luxury carmaker will cut about 2,000 fixed-term contracts on top of the 1,900 already announced. GettyWorkers assemble the all electric Porsche Macan at their assembly plant in Leipzig, Germany[/caption] The downsizing move will reduce the German company’s headcount by almost 10 per cent. The automobile manufacturer said it will enter nego…

Porsche announced major restructuring, particularly after falling sales in China and the entry into force of new tariffs on exports to the US. The auto giant has announced a significant restructuring, and 3,900 employees will be left without jobs. An auto industry giant announces massive layoffs. Nearly 4,000 employees will remain on the road. first appeared on Romanian TV.

The car manufacturer reacts to the sharp decline in profits in 2024: the traditional Stuttgart company is again focusing more on burners and announcing a new savings package.

Porsche's fat times are over, which becomes clear when the annual figures are presented. At two crucial points, the strategy of the sports car manufacturer has failed. It is really dramatic for shareholders when it comes to the outlook.

Porsche AG records robust results in a challenging environment

Stuttgart., March 12, 2025 (GLOBE NEWSWIRE) -