Porsche AG's Financial Turbulence

In a startling turn of events, Porsche AG witnessed a dramatic 7.6% drop in its stock price, following the revelation of a 44% plunge in its first-quarter profit after tax, amounting to a mere €518 million.

Revised Forecasts Stir Concerns

The luxury carmaker not only reported a significant downturn in its financial performance but also revised its 2025 revenue outlook downward from the previously anticipated €39-€40 billion range to a more conservative €37-€38 billion. Additionally, the return on sales guidance was adjusted from 10%-12% to a modest 6.5%-8.5%.

Market Reaction

By 9:18 am CET, Porsche's shares had tumbled to €43.35, reflecting the market's immediate reaction to these disappointing financial disclosures.