trending Market Intelligence /marketintelligence/en/news-insights/trending/bTZ1gus_5qU_igeHpWfjyw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Porsche profit misses consensus by 63.0% in H2

COVID-19 Impact & Recovery: Corporations

Blog

COVID-19 Impact & Recovery: Investment Banking

Blog

COVID-19 Impact & Recovery: Governments

Blog

COVID-19 Impact & Recovery: Academia


Porsche profit misses consensus by 63.0% in H2

Porsche Automobil Holding SE said its second-half normalized net income came to 82 euro cents per share, compared with the S&P Capital IQ consensus estimate of €2.21 per share.

The per-share result swung to a profit from the prior-year loss of €4.40.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €250.6 million, compared with a loss of €1.35 billion in the year-earlier period.

Reported net income totaled €394.0 million, or €1.29 per share, compared with a loss of €1.96 billion, or a loss of €6.40 per share, in the year-earlier period.

For the year, the company's normalized net income totaled €2.82 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €6.54.

EPS was a loss of €1.01 in the prior year.

Normalized net income was €863.1 million, compared with a loss of €310.6 million in the prior year.

The company said reported net income came to €1.37 billion, or €4.49 per share, in the full year, compared with a loss of €308.0 million, or a loss of €1.01 per share, the prior year.