Porsche: Plans to Reduce Workforce by 25%, Targets Net Cash Flow Margin of 9%-12% for Automotive Business
15 hour ago / Read about 0 minute
Author:小编   

At its Capital Market Day presentation, Porsche disclosed that the Group has set clear medium- and long-term financial goals: a medium-term target of a 10% to 15% return on sales, with a net cash flow margin target of 9% to 12% for its automotive business; the long-term targets are 15% and 12%, respectively. The medium-term revenue target is set between €41 billion and €45 billion, with expectations of achieving above-proportionate growth in cash generation capabilities. To achieve these goals, Porsche plans to lower its breakeven point to below 200,000 units through lean operations and cost-cutting measures. Additionally, the company announced plans for layoffs, including a 40% reduction in management positions and a 25% reduction in workforce size by the medium term, with a strategic target of a 30% reduction.