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By how much will Porsche's profit be higher than its turnover?

Settled as Profit is up to 25% higher

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:

Background: German luxury carmaker Porsche, which holds almost a third of mass producer VW, is to publish figures for the financial year ending July 31 that will show profits higher than turnover, a news report said Saturday.

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%

 
Forecast history %
Profit is NOT higher than turnover
1%
Profit is up to 10% higher
4%
Profit is up to 25% higher
33%
Profit is up to 30% higher
46%
Profit is up to 35% higher
12%
Profit is up to 50% higher
2%
Profit is more than 50% higher
1%
Settled as Profit is up to 25% higher on Tue 2nd Dec 2008 4:13am PST

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:

Created Sat 26th Jul 2008 12:08pm PST by kruijs[Power User]
Suspended Thu 31st Jul 2008 3:59pm PST : Suspend date reached
Settlement requested Wed 13th Aug 2008 2:11am PST by chrisfmasse: What is going on here?
Chris
Settlement requested Sat 20th Sep 2008 9:33am PST by sharon91977: will this ever get settled? :)
Settlement requested Sat 18th Oct 2008 10:14am PST by cici: no source, but it has been sitting this way for weeks, dead, but we refuse to bury it.
Settlement requested Fri 31st Oct 2008 9:48am PST by elly: This question has been suspended for 3 months now.
It has to be settled or voided.
Settlement requested Tue 4th Nov 2008 3:23am PST by 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
Settlement requested Sat 8th Nov 2008 8:24am PST by cheesenips: Up 52% http://ap.google.com/article/ALeqM5g5Wle3rsgGX96oVuPecMPU0k949gD94A7QB00
Settlement requested Wed 26th Nov 2008 9:08am PST by 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
Settlement requested Tue 2nd Dec 2008 2:10am PST by jpkoester1: So, is anyone going to settle this one?
Settled as 'Profit is up to 25% higher' Tue 2nd Dec 2008 4:13am PST by bayoubear[Admin]: 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

 

Predictions (91)

1 year ago
unclechris predicted Profit is up to 30% higher (H$20 at 46%)
1 year ago
kida predicted Profit is up to 25% higher (H$50 at 33%)
1 year ago
jarrod predicted Profit is up to 30% higher (H$20 at 46%)
1 year ago
dragonfangxl predicted Profit is up to 10% higher (H$5 at 4%)
1 year ago
crstals predicted Profit is up to 25% higher (H$20 at 33%)

Comments (12)

  1 elly
Hi Kruijs!
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.
posted 1 year ago
  2 kruijs[Power User]
"FRANKFURT (Thomson Financial) - Porsche Automobil Holding SE is expected to post a full-year to July 31, 2008 net profit that would be greater than its revenues as a result of its shareholding in Volkswagen AG, Der Spiegel magazine said, citing Porsche executives.

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. :(
posted 1 year ago
  3 elly
Yes! The answer is perfect.
I have already staked up to 30%, but I'm still wondering about this greate news.
Thanks again.
posted 1 year ago
  4 kruijs[Power User]
you're welcome
posted 1 year ago
  5 kruijs[Power User]
numbers are not yet reported, but will presumably be published here first:
http://www.porsche-se.com/pho/en/investorrelations/
posted 1 year ago
  6 lvnmom22
Are we every gonna get this one answered?
posted 1 year ago
  7 bayoubear[Admin]
The last report I've seen dates from 7/27 and refers to their expectations for the year ending July 31. That report also stated that they just reported their 10 month data in mid-July, so perhaps it's not unexpected that final reports related to this question aren't available yet. If anyone has other reports confirming a settlement of this question, please forward them to me...at this point I think we're all assuming that the profit will be greater, but I don't think we know how much.
posted 1 year ago
The annual report 2007 was published on December 12, 2007, so I guess for this year, we can expect the report on a similar date.
posted 1 year ago
  9 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
posted 1 year ago
  10 bayoubear[Admin]
I know we're all ready to settle this one, but we may have to wait a few weeks longer to get the profit numbers to find out how much the profits may have exceeded the revenues...As soon as anything is known, send it to me and I'll try to get this one settled

Thanks everyone!
posted 1 year ago
  12 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
posted 49 weeks ago

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