News Headline Summary

Porsche (PAH3 GY) expects 2013 car sales to rise from 2012 level

- Expects 2013 operating profit to at least match 2012.
- Says European car market remains tough.

Reaction details:

- Co. shares move 0.53% higher in immediate reaction to the news from EUR 64.11 to EUR 64.45.
- In the minutes following the news shares retraced the move higher after the comment that the European car market remains tough.

Print 15:14, 11 Jan 2013 - European Equities - Source: Newswires