Porsche he argues that it shares the lures of the best luxury brands: a growing market, large margins, and economic resilience. But the German sports car manufacturer also comes up with a common vulnerability to luxury: a powerful shareholder.
On Monday, Dr. Ing. hc F. Porsch, as the company is formally known, said it would grow revenue by 18% this year and achieve an operating profit margin of more than 20% in the long run, up from 16% last year. Investors wanted this type of commitment ahead of the company’s initial public offering, scheduled for the fourth quarter. A margin of more than 20% would place it in an exclusive Porsche league, behind the highly esteemed Ferrari.
Porsche is a great company. Shame on Governance.
Source link Porsche is a great company. Shame on Governance.