FRANKFURT (Reuters) -Porsche expects a 300 million euro ($351 million) hit to results as a consequence of absorbing U.S. import tariffs in April and May, the luxury sportscar manufacturer said in slides published after an investor call ahead of quarterly results. The company had previously spoken only of a hit in low triple-digit million euros […]
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Porsche expects $351 million tariff hit for April and May
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FRANKFURT (Reuters) -Porsche expects a 300 million euro ($351 million) hit to results as a consequence of absorbing U.S. import tariffs in April and May, the luxury sportscar manufacturer said in slides published after an investor call ahead of quarterly results.
The company had previously spoken only of a hit in low triple-digit million euros for the two months, without giving a firm number.
($1 = 0.8542 euros)
(Reporting by Christoph Steitz and Ilona WissenbachEditing by David Goodman)