IAA Mobility
Flower again expects more Porsche
Porsche boss Blume sees chances for a comeback after the drop in profits-but the golden years of the industry should be over.
After the drop in profits at Porsche, CEO Oliver Blume is expecting better results at the VW subsidiary next year. He sees as an absolute low in 2025, he said on the sidelines of the IAA Mobility’s car show in Munich. With the measures that have now taken, he sees good chances of “being able to start again next year”.
In the first half of the year, winning the sports and off-road vehicle maker had literally crashed. The group result of six months collapsed by 71 percent to 718 million euros, the operational return on sales fell from almost 16 to 5.5 percent. Above all, the pushing premium business in China and the new US tariffs are to blame. China and the USA are the two most important sales markets for Porsche.
“The world has changed completely in no time,” said Blume. Sales returns of 20 percent, as Porsche had already sought in the recent past, were simply excluded under these conditions. But, according to Blume: “If framework conditions change again in the future, this is quite possible. We see Porsche a good potential, as we can go into the double -digit range again.”
However, the very fat years should be over for the industry. “The party that we have celebrated in the automotive industry for decades is over in this form,” said Blume, who is also a VW group boss. “There is now a reorientation and we have now bravely set off in the Volkswagen Group.”
dpa
Source: Stern
