Sports car manufacturer: Porsche win drops by more than 70 percent

The winning of the sports and off-road vehicle manufacturer Porsche crashed in the first half of the year. The group result from January to June was 718 million euros, as the company said. That is a minus of a good 71 percent. In the same period last year, the surplus was just under 2.2 billion euros.

The situation continued to do so: In the first quarter, the Stuttgart -based company reported a post -tax profit of around 518 million euros – in the period from April to June, only 200 million were added.

The data on the operational business in the first half of the year has been known since the parent company Volkswagen’s parent company last week. In the first six months, Porsche sales decreased by almost seven percent to around 18.2 billion euros. The result in the day -to -day business also fell due to special costs for the consumption of the group due to the last poor run by two thirds to a good one billion euros.

It looked particularly dramatic in the second quarter: in the car business – i.e. without financial services – the Swabians posted an operational drop in profits of almost 91 percent. Porsche boss Oliver Blume announced: “We are still dealing with considerable challenges worldwide. It is not a storm that passes over.” The world is changing massively – and unlike a few years ago. It was only from 2026 that Blume expects a “positive economic momentum” again.

Problems: China, USA and e-mobility

Porsche is particularly difficult in China. Most recently, the management had reported a sales minus – especially in the People’s Republic, sales collapsed. High renovation costs and the US import tariffs also put a strain on the business. Significant investments are also associated with the sluggish change to e-mobility.

Therefore, saving is the order of the day: the structures are supposed to shrink, and by 2029 the Porsche tour wants to delete around 1,900 jobs in the Stuttgart region. And another savings program is already in the works. Blume had prepared the workforce for further cuts in a letter last week. The corporate boss is also chairman of the parent company Volkswagen.

Forecast further put together

Because of the US customs policy, the company must also collect its profit prospects. For example, Blume still assumes 5 to 7 percent operational return for 2025 – so there is probably less profit from sales. The Stuttgart team had previously steamed their outlook, but only the customs effects in April and May were calculated in the 6.5 to 8.5 percent prospect.

After the customs compromise between the EU and the USA, there are now permanently increased import duties to the United States. Porsche wants to cushion the loads with price increases, among other things. In sales, the VW subsidiary continues from 37 to 38 billion euros.