Overview
- Porsche’s six-month consolidated profit fell 71% to €718 million, with the operating margin dropping to 5.5% from nearly 16%.
- Oliver Blume called 2025 the absolute trough and said he sees good chances for a recovery next year following measures already initiated.
- Management attributes the downturn primarily to collapsing premium demand in China and steep US import duties currently at 27.5%.
- Porsche is expanding its savings program, including previously agreed job cuts in Stuttgart and Leipzig, to stabilize finances.
- The company will be removed from the DAX on September 22 due to low free float and weak share performance, and Blume says returning to the index is the ambition.