Porsche SE (Stuttgart) suffered a loss of €923 million in the first quarter of 2026, as the company announced. This deficit is attributed to a write-down of €1.3 billion on its stake in the Volkswagen Group. In the previous year, the loss was €1.08 billion, highlighting the current situation.
Hans Dieter Pötsch, CEO of Porsche SE, stated that despite the write-downs, the company managed to achieve a profit in its consolidated results adjusted for write-downs. Additionally, they have been able to further strengthen their financing structure. However, Pötsch emphasized that the business models of the core holdings need to be adapted to the new market conditions.
Volkswagen AG (Wolfsburg) and Porsche AG (Stuttgart) are currently facing significant challenges in the automotive industry. Companies are grappling with difficult market conditions characterized by technological upheaval and the shift towards electric mobility. Pötsch referred to ongoing cost-cutting programs aimed at stabilizing the core holdings.
The news of the loss caused Porsche SE's shares to drop by nearly 1.7 percent. Market observers view the write-down as a sign of the ongoing difficulties facing the automotive sector.
