Porsche expects annual revenue of 37 billion to 38 billion euros, lower than previous expectations

On April 29th, Porsche expects annual revenue of 37 billion to 38 billion euros, compared to the company’s original estimate of 39 billion to 40 billion euros; The expected annual automotive EBITDA profit margin is 16.5% -18.5%, compared to the company’s original estimate of 19% -21%; The expected operating profit margin for the Robot Operating System (ROS) for the whole year is 6.5% -8.5%, compared to the company’s original estimate of 10% -12%.