US EditionPorsche SE Cuts Guidance, Eyes Bigger Defence Role
Porsche SE lowers 2025 profit forecast due to Volkswagen's weak first-half results and plans to expand defence sector investments amid Europe's rising military expenditures.
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VW's major shareholder Porsche SE is increasingly under pressure. Profit has halved in the first half of the year. The company is now relying on armor.
Porsche SE cuts guidance, eyes bigger defence role
Holding company Porsche, Volkswagen's largest shareholder, has today cut its full-year profit forecast, weighed down by the German automaker's weak first-half performance, while reiterating its plans to invest in the defence sector.
The profit of Volkswagen's major shareholder Porsche SE has collapsed in the first half of the year. Therefore, more commitment to armaments is being put on the go.
The profits of VW and Porsche are falling. This is the result of holding Porsche SE. The company wants to continue to diversify - and sees potential in defense.
The company, controlled by Porsche and Piech families, expects lower contributions from its main investments in the Volkswagen and Porsche mountains
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