Porsche Holding SE

Porsche SE reports a net loss of €2.8 billion for the first nine months, after a profit of €1.2 billion in the previous year. The main causes are impairments on its stake in Volkswagen; adjusted group earnings fell from €1.6 billion to €0.9 billion. CEO Hans Dieter Pötsch announced decisive cost and competitiveness measures and confirmed the full-year forecast that was cut in September. » Mere på wiwo.de

Audi's plans for a new US plant could prompt Porsche to shift production entirely back to Germany. The move fits the strategy of the new CEO, who places greater emphasis on ‘Made in Germany’. Initial figures indicate this reorganisation is likely to be economically viable. » Mere på welt.de

Porsche reported a 7.5 percent drop in revenue in the third quarter to €8.05 billion, but returned to an operating profit of €387 million after a loss of €966 million a year earlier. The operating margin was 4.8 percent, within the expected range, though analysts’ expectations for revenue and operating profit were missed. CEO Michael Leiters confirmed the full-year outlook; deliveries fell 16 percent in the first nine months to 178,532 vehicles. Porsche plans to raise the margin to 10–15 percent over the next five years, relying on cost savings, more luxury models, higher prices and a 25 percent reduction in staff, and expects the breakeven point to be well below 200,000 vehicles per year. » Mere på spiegel.de

Someone who had invested EUR 1,000 in Porsche vz a year ago would now hold 21.204 shares worth EUR 882.10; that corresponds to a loss of 11.79 percent. The price on 23.10.2026 was EUR 41.60, and the market capitalization most recently was EUR 36.85 billion. Stock splits and dividends were not taken into account in the calculation. » Mere på finanzen.net

In Vienna the trial against industrialist and supervisory board member Siegfried Wolf has begun. The WKStA accuses him of having in 2018 obtained a tax waiver of around €630,000 by promising career assistance; he is charged with bribery and incitement to abuse of office. Wolf, who sits on the supervisory board of Porsche Automobil Holding, denies the allegations; investigators cite, among other things, chat messages. An earlier tax waiver had already been annulled by administrative courts as unlawful. » Mere på manager-magazin.de