|Bid||11.60 x N/A|
|Ask||12.00 x N/A|
|Day's Range||11.40 - 11.50|
|52 Week Range||11.40 - 11.50|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Porsche on Monday issued its global 2022 results, with record revenues driving growth, especially in territories like the U.S. and China. Porsche’s global revenue for 2022 hit a record $40.22 billion (37.6 billion euros), up 13.6% from a year ago, with operating profit jumping over 27% to $7.27 billion (6.8 billion euros). Overall deliveries of just under 310K vehicles and automotive net cash flow also set new records. Results were driven by strong growth in the U.S, the U.K., and China despite sales dipping slightly there due to COVID-related lockdowns. But the focus for Porsche is still America.
A new era of racing at the Rolex 24 at DAYTONA race this past weekend, with Acura, BMW, Cadillac, and Porsche all competing in a new hypercar category, known as the Grand Touring Prototype (GTP) class. Cadillac’s Global VP, Rory Harvey, is bullish on the new racing format, and the tech.
There's big news today for Porsche fans, and investors, as the luxury performance brand heads into the new year.