Porsche AG reports First quarter Group operating profit of €595m

04 May Porsche AG reports First quarter Group operating profit of €595m

(Oilandgaspress) -–In the first three months of this year, Porsche generated a group operating profit of 595 million euros (previous year: 762 million euros). This is in line with expectations and supports the forecast for the full year. The group operating return on sales of 7.1 per cent (previous year: 8.6 per cent) reached the upper end of the forecast range in a market environment that remains challenging. Group sales revenue amounted to 8.40 billion euros (previous year: 8.86 billion euros). The decline in revenue (-5.2 per cent) compared to the same period of 2025 was significantly smaller than that in deliveries (-14.7 per cent). Reasons for this include disciplined pricing, a strong product mix and the consistent ‘Value over Volume’ strategy.

In the first quarter, 60,991 vehicles were delivered to customers (previous year: 71,470). Automotive net cashflow increased to 514 million euros (previous year: 198 million euros), despite the impact of the strategic realignment and US tariffs. The increase in net cashflow resulted primarily from higher cash inflow from operating activities, disciplined management of working capital, and reduced cash outflow through investing activities. The Automotive net cashflow margin rose to 7.0 per cent (previous year: 2.5 per cent). The proportion of battery electric vehicles (Automotive BEV share) fell to 19.8 per cent (previous year: 25.9 per cent). The Automotive EBITDA margin stood at 17.2 per cent (previous year: 18.0 per cent).

In the midst of a challenging macroeconomic environment, the management team led by the new CEO Dr Michael Leiters is working flat out on the new Strategy 2035. The goal is to lower the break-even point, increase resilience and strengthen Porsche’s position as a leading sports car manufacturer producing even more desirable vehicles across all segments.

Despite a continuing challenging economic environment and geopolitical uncertainties, Porsche AG confirms its forecast for the full year 2026. This forecast does not include the possible effects of an ongoing conflict in the Middle East, as it is currently not possible to make a reliable assessment. The forecast is based on the following figures:

Sales revenues of 35 to 36 billion euros.
Operating return on sales of 5.5 to 7.5 per cent.
Automotive net cashflow margin of 3 to 5 per cent.
Automotive EBITDA margin of 15 to 17 per cent and
Automotive BEV share between 24 and 26 per cent.

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