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By how much will Porsche's profit be higher than its turnover?
Profit was greater than turnover by 14.86 %
http://www.porsche-se.com/pho/de/news/?pool=pho&id=2008-11-26
Turnover = 7.466 Billion
Revenue = 8.569 Billion
8.5/7.4 = 1,1486
Revenue is 14,86% higher than Turnover
Background:
Der Spiegel news magazine said the unusual accounting situation would result from the revaluation of the 31-percent Volkswagen stake. Porsche would report profits of more than 11 billion euros ($17 billion) on turnover of just 8.6 billion euros.
http://www.dw-world.de/dw/article/0,2144,3514328,00.html
http://uk.reuters.com/article/motoringSummary/idUKGRI44340920080724
Settlement details:As reported by a major mainstream news source. Hundreds of millions are to be used to settle. So 11.567 billion and 11.543 are considered same. To calculate the differences and ratios, only the first decimal from the amount in billions is to be used. So if 11.567 and 8.654 are reported, the calculation would be 11.5 / 8.6 = 1.279 which means it would by higher by 28.9%
| Profit is NOT higher than turnover |
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| Profit is up to 10% higher |
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| Profit is up to 25% higher |
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| Profit is up to 30% higher |
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| Profit is up to 35% higher |
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| Profit is up to 50% higher |
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| Profit is more than 50% higher |
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- Activity: H$9,625 |
- Predictions: 91 |
Comments: 12
Suspend date: Thu 31st Jul 2008 3:59pm PST
Settlement date: Tue 2nd Dec 2008 4:13am PST
Prediction cut-off: Predictions on this question after Thu 31st Jul 2008 3:59pm PST have been voided because they were made after the question could be settled
Initial likelihoods: Profit is NOT higher than turnover: 1%, Profit is up to 10% higher: 5%, Profit is up to 25% higher: 18%, Profit is up to 30% higher: 52%, Profit is up to 35% higher: 18%, Profit is up to 50% higher: 5%, Profit is more than 50% higher: 1%
Action history:
chrisfmasse
: What is going on here?
sharon91977
: will this ever get settled? :) 
cici
: no source, but it has been sitting this way for weeks, dead, but we refuse to bury it. 
elly
: This question has been suspended for 3 months now.
It has to be settled or voided.
elly: One month ago, the Stuttgart-based company revealed a revenue increase of 1.3 per cent to almost €7.5bn in the fiscal year that ended in July. It will publish its profits at the end of November.
http://www.ft.com/cms/s/0/2391ba56-aa10-11dd-958b-000077b07658.html
cheesenips: Up 52% http://ap.google.com/article/ALeqM5g5Wle3rsgGX96oVuPecMPU0k949gD94A7QB00 
jpkoester1
: Results at http://www.porsche-se.com/pho/de/news/?pool=pho&id=2008-11-26
Turnover = 7.466 Billion
Revenue = 8.569 Billion
8.5/7.4 = 1,1486
Revenue is 14,86% higher than Turnover
jpkoester1: So, is anyone going to settle this one? 
bayoubear![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin"){kind=icon}
: Profit was greater than turnover by 14.86 %
http://www.porsche-se.com/pho/de/news/?pool=pho&id=2008-11-26
Turnover = 7.466 Billion
Revenue = 8.569 Billion
8.5/7.4 = 1,1486
Revenue is 14,86% higher than Turnover
Suspend date: Thu 31st Jul 2008 3:59pm PST
Settlement date: Tue 2nd Dec 2008 4:13am PST
Prediction cut-off: Predictions on this question after Thu 31st Jul 2008 3:59pm PST have been voided because they were made after the question could be settled details 
Get widget!Predictions (91)
predicted Profit is up to 30% higher (H$20 at 46%)
kida
predicted Profit is up to 25% higher (H$50 at 33%)
jarrod
dragonfangxl
predicted Profit is up to 10% higher (H$5 at 4%)
predicted Profit is up to 25% higher (H$20 at 33%)Comments (12)
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Do you mean NET PROFIT, or gross profit, or operating profit?
And for what kind of period of the financial report concern the question? Q4, or only July,
or from January 08 to the end of July 08?
Thanks.
The report said revenues are expected to total 8.6 billion euros and net profit is predicted to be more than 11 billion.
The magazine said profits stem mainly from the new valuation of Porsche's 31 percent shareholding in VW as well as financial derivatives linked with the VW shares.
Porsche said in mid-July when it released its 10-months results that profit developments at VW and the derivative instruments linked with Porsche's plans to increase its shareholding in VW in the future would have a "significant" influence on its overall profit situation for the business year."
http://www.sharewatch.com/story.php?storynumber=12771
Does this answer your questions? I'm not so in stock market peculiarities. :(
I have already staked up to 30%, but I'm still wondering about this greate news.
Thanks again.
http://www.porsche-se.com/pho/en/investorrelations/
http://www.ft.com/cms/s/0/2391ba56-aa10-11dd-958b-000077b07658.html
Thanks everyone!
Turnover = 7.466 Billion
Revenue = 8.569 Billion
8.5/7.4 = 1,1486
Revenue is 14,86% higher than Turnover
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