Porsche AG Posts Steady Cash Flow Amid Economic Challenges

Porsche AG has reported a strong automotive net cash flow of 1.34 billion euros despite a challenging market environment. This reflects a rise from the previous year's 1.24 billion euros, highlighting the company's resilience.

The company noted a 6% drop in group revenue and vehicle deliveries over the first nine months, totalling 26.86 billion euros and 212,059 vehicles respectively. While operating profit significantly decreased to 40 million euros from the previous year's 4,035 million euros, Porsche attributes this to strategic realignment expenses and adverse market conditions.

In the face of macroeconomic challenges, especially in China and due to US import tariffs, Porsche is investing in its strategic realignment, including combustion and plug-in-hybrid models, and delaying certain electric vehicle launches. This realignment is part of a long-term strategy aimed at solidifying profitability and resilience.