(Reuters) -Porsche AG said on Thursday that expenses for vehicle development and battery activities in its units will impact the company’s operating profit and automotive net cash flow by up to 800 million euros ($830.80 million) in 2025.
The German carmaker said it expects 2025 sales revenue of 39 billion to 40 billion euros and automotive net cash flow margin between 7% and 9% due to the expenditures and market conditions.
To strengthen the company’s profitability, the board seeks to expand the product portfolio to include models with combustion engines or plug-in hybrids as well as the Sonder- and Exklusivmanufaktur program. It will also make adjustments to the corporate organization, according to the statement.
($1 = 0.9629 euros)
(Reporting by Urvi Dugar; Editing by Alan Barona)
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