In some cases, you can identify forward-looking statements by terminology such as may, should, expect, intend, will, estimate, anticipate, believe, predict, potential, forecast, "outlook," "guidance", plan, seek, future, propose or continue, or the negatives of these terms or variations of them or similar terminology. other contributed capital, Effect of foreign exchange rate changes on cash and In support of Polestars working capital needs, over the last three months, Polestar repaid two existing and entered into two new 12-month unsecured working capital loan agreements with two banks in China, totalling approximately USD 200 million. Hertz made plans to buy 175,000 EVs from GM in September 2022. "I would like to reiterate: Polestar is a real car company," CEO Thomas Ingenlath said during the earnings call. Volvo Cars today reports a 7 per cent increase in operating profits, excluding joint ventures and associates, to SEK 6.3 bn and an EBIT margin of 6.6 per cent for the first quarter of 2023. It is possible that this date will be updated in the future, once the company announces the actual date. We want to hear from you. Polestar has added six new markets since the start of 2022, including United Arab Emirates, Kuwait, Hong Kong, Ireland, Spain and Portugal. Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Get Rating) - Investment analysts at Cantor Fitzgerald issued their FY2023 earnings per share estimates for shares of Polestar Automotive Holding UK in a research note issued on Thursday, April 27th.Cantor Fitzgerald analyst A. Sheppard anticipates that the company will post earnings of ($0.53) per share for the year. The revised post corrects the revenue figures from thousand to millions. The Actual Revenue was $435.4M, which beat the estimate of $0K. In late January, Polestar announced a major update to Polestar 2. Polestar (Nasdaq: PSNY) introduces Polestar 4, an electric performance SUV coup and the second SUV in the brands line-up. GOTHENBURG, SWEDEN 1 SEPTEMBER 2022. We collaborate with kindred spirits on cool projects. Copy and paste multiple symbols separated by spaces. Vehicle deliveries will be weighted towards the fourth quarter, following disruptions from COVID-19 in China. Polestar management will hold a live audio webcast today, March 2, 2023 at 08:00 ET (14:00 CET) to discuss the Companys results and outlook. Transformative ambition, including a climate neutral car by 2030. Following the completion of the call, a replay will be available shortly at https://investors.polestar.com/. Polestar Automotive Holding Uk Plc A (PSNY). Polestar 3 launched in late 2022 as the SUV for the electric age a large high-performance SUV that delivers sports car dynamics with a low stance and spacious interior. Nothing in this Press Release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. Michael Bloom. Earnings report for Polestar Automotive Holding UK PLC [PSNY] As the company seeks to reduce its climate impact with every new model, Polestar aims to produce a truly climate-neutral car by 2030. Financing cash inflow mainly comprised of equity proceeds of. The company expects to deliver 50,000 vehicles this year. Polestar Automotive Holding Uk Limited - Class A Ads Earnings Dates, Upcoming and Historical PSNY last earnings on March 02, 2023 before the market opened (BMO). Gross profit increased USD 118.5 million, as. Polestar went public via a merger with a special purpose acquisition company in June. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Certain statements in this press release (Press Release) may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. PR & Communications, Global[emailprotected]. Represents the markets in which Polestar operates. Barclays started coverage on Polestar Automotive Holding UK in a research report on Tuesday, February 14th. Selling, general and administrative expenses were kept flat due to active cost management. The stock fell more than 5% Wednesday, closing at $5.05 a share. Here are Thursday's biggest analyst calls: Apple, Meta, Amazon, Ford, Activision Blizzard & more. All Rights Reserved. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Polestar and its management, as the case may be, are inherently uncertain. Forward-looking statements generally relate to future events or the future financial or operating performance of Polestar. Furthermore, in late August 2022, Polestar entered into an additional credit facility with one of those banks for approximately USD 145 million. A Division of NBCUniversal. The company issued strong fourth-quarter earnings, reporting a narrower loss than expected and revenue that jumped 84% from a year ago. For 2023, Polestar expects gross margin be "broadly in line" with the 4.9% it reported for 2022, "with volume and product mix supporting margin progression later in the year.". Polestar reports results for the nine months ended September 30, 2022 GOTHENBURG, SWEDEN - NOVEMBER 11, 2022. Polestar Automotive Holding UK PLC (PSNY) Earnings Report | Seeking Alpha Is PSNY a Buy? The company specializes in luxury vehicles. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Polestar and its management, as the case may be, are inherently uncertain. The upcoming GM earnings report should . Got a confidential news tip? Polestars Annual Report on Form 20-F is expected to be filed with the, Polestars 2022 Sustainability Report is expected to be published in, Polestar expects to post its unaudited financial results for the quarter ended. The Polestar 1 was built between 2019 and 2021 as a low-volume electric performance hybrid GT with a carbon fibre body, 609 hp, 1,000 Nm and an electric-only range of 124 km (WLTP) the longest of any hybrid car in the world at the time. The company improved its cash position to $973.9 million to end last year, up about 29% from a year earlier. On the other hand, foreign exchange headwinds exacerbated the loss, and those are expected to continue into next year. The company showed solid growth when it. Founded by Volvo Car AB (publ.) With several ground-breaking cars to come, Polestar is poised for a period of rapid growth.. Got a confidential news tip? Touch device users, explore by touch or with swipe gestures. Its net loss for the year fell to $466 million from more than $1 billion in 2021. Open this in the Investing.com app to get the full experience. Polestar Reports Strong Start to 2022 With Record Sales, Continued Polestar Automotive Holding UK PLC (Polestar or the Company, Nasdaq: PSNY), the Swedish electric performance car brand, reports its preliminary unaudited financial and operational results for the year ended December 31, 2022. PSNY shares gained +5.9% the day following the earnings announcement to close at 5.35.

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