Porsche SE is now also thinking about the defense industry!

New goals in sight! Porsche SE is now also thinking about the defense industry!

2025-03-26 Source: dpa 2 min Reading Time

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Following a high loss in the billions due to the poor year at its car holdings VW and Porsche, the holding company Porsche SE now wants to do better again if possible. This is to come ...

The Porsche SE holding company has recently suffered heavy losses. This cannot be allowed to continue under any circumstances. That is why the decision-makers around CEO Hans Dieter Pötsch (pictured) are planning, among other things, to enter the arms industry ...(Image: Holding Porsche SE) — The Porsche SE holding company has recently suffered heavy losses. This cannot be allowed to continue under any circumstances. That is why the decision-makers around CEO Hans Dieter Pötsch (pictured) are planning, among other things, to enter the arms industry ...
(Image: Holding Porsche SE)

Cost-cutting efforts at the core holdings are intended to put Porsche Holding's business back on the road to success, as has now been announced. However, investors will still have to adjust to changes in book values. According to CEO Hans Dieter Pötsch, the holding company is considering establishing a third strong pillar. Armaments investments are also being considered for new investments, as the Stuttgart-based company admits. There could also be investments in partners. Liquidity currently stands at around two billion euros. However, the net loss amounted to around 20 billion euros last year due to high impairments. A year earlier, the holding company of the VW owner families Porsche and Piech had made a profit of 5.1 billion euros. Despite this horrendous loss, Porsche SE intends to pay a dividend, as previously announced. However, the payout is to fall from 2.56 to 1.91 euros. The Porsche SE preference share rose by 0.4 percent following this news.

Porsche SE CFO does not rule out share buybacks

In the current year, the management around CEO Hans Dieter Pötsch is aiming for adjusted earnings after tax of 2.4 to 4.4 billion euros. The company is now factoring out changes in the value of its core shareholdings. At a press conference, Pötsch made it clear that there may be further changes in value in the coming quarters. Without the high write-downs, the holding company would have made a profit of 3.2 billion in the previous year. Lutz Meschke, the board member responsible for portfolio management, said that investments in the defense sector were also conceivable. Pötsch made general reference to possible opportunities in connection with the multi-billion government financial programs for defence and infrastructure. And CFO Lattwein emphasized that no additional debt was planned for this. The Group intends to continue to reduce this in the coming years. Net debt is initially expected to amount to 4.9 to 5.4 billion euros in 2025. By the end of 2024, it will have fallen to 5.2 billion euros, as already announced. He also does not want to rule out share buybacks in the future.

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Date: 08.12.2025

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