(Reuters) – Porsche confirmed its earnings outlook for 2024 of a 14-15% profit margin in a call with investors on Tuesday and said it expected 2025 to stay difficult, in line with a note by Bernstein Research analysts.

The investor call was held before a closed period on company information before annual results scheduled for March 12.

Porsche was not immediately available for comment.

The carmaker said that it expects sales volume to say no this yr due to withdrawal of the combustion-engine Macan and 718 from the European Union from the tip of June, in addition to possible further supply chain issues for the 911 model, in line with the note.

Porsche is working to scale back its footprint in China and can provide more detail in its results call on March 12, the note said.

(Reporting by Victoria Waldersee; Editing by Emelia Sithole-Matarise)