Overview
- Porsche SE cut its full-year adjusted profit outlook to €1.6–3.6 billion after first-half adjusted net profit fell 50% to €1.11 billion and reported net profit dropped to €338 million.
- The holding attributed the earnings decline to US import tariffs, weaker demand in China and softness in European auto markets weighing on Volkswagen AG and Porsche AG.
- Management unveiled plans for a venture investment platform focused on defense and dual-use technologies, highlighting satellite surveillance, reconnaissance systems, cybersecurity and logistics.
- A planned 'Defense Day' will bring together family offices and other partners to co-finance the new defense investment platform and explore collaboration opportunities.
- Porsche SE maintained a €4.9–5.4 billion year-end net-debt target after reducing mid-year net debt to €4.9 billion while facing scrutiny over its share performance and DAX index status.