Disappointing Results Shake Porsche AG

In a surprising turn of events, Porsche AG saw its shares tumble more than 7% this Tuesday. This drastic drop came right after the luxury carmaker unveiled its first-quarter earnings, which fell significantly short of market expectations.

A Closer Look at the Numbers

The company reported a 44% plunge in profit after tax, landing at a mere €518 million. Similarly, earnings per share took a hit, decreasing by 44.5% to €0.56. These figures have undoubtedly left investors and market analysts alike in a state of shock.

Revised Forecasts Add to the Gloom

Adding insult to injury, Porsche also revised its 2025 revenue outlook downward, from the previously anticipated €39-€40 billion range to €37-€38 billion. The return on sales guidance wasn't spared either, with expectations adjusted from 10%-12% down to 6.5%-8.5%.

By 9:18 am CET, the impact was clear as day, with Porsche's stock price falling to €43.35, marking a 7.6% decline.