US EditionVolkswagen owner Porsche SE reports blow to 2025 earnings
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8 Articles
German holding company Porsche SE's adjusted after-tax profit fell by about nine percent last year to less than 2.9 billion euros (71 billion CZK), the company, which is the largest shareholder in the Volkswagen automobile group, said in its earnings report. It also said it was investing more in projects focused on weapons production.
The car business is less profitable, so the owners now rely on other investments. Nevertheless, the dividend for the Porsche and Piëch families is supposed to be lower.
Porsche SE, the holding company that owns the majority of shares in automotive giant Volkswagen, announced on Thursday that it had invested 100 million euros in an investment fund dedicated to defense, where it sees strong growth potential.
German holding company Porsche SE's adjusted profit after tax fell by around nine percent last year to less than 2.9 billion euros (71 billion crowns). The company, which is the largest shareholder in the Volkswagen automobile group, said this in its earnings report on Thursday. It also reported that more...
This is what the company announced. It wants to benefit from the "supercycle" of the industry. VW and Porsche remain the largest investments.
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