Luxury car manufacturer Porsche fell on the Frankfurt Stock Exchange by over five percent following yesterday's profit warning regarding 2024. The background is a shortage of a specific type of aluminum alloy used in production and which several subcontractors are now having difficulty delivering.
Sales are now expected to land at 39-40 billion euros for the full year 2024 compared to a previous forecast of 40-42 billion euros.
The profit warning came ahead of the company reporting new quarterly figures on Wednesday.
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