Porsche's turnaround: Armament as a new solution to declining profits!

Porsche's turnaround: Armament as a new solution to declining profits!

Porsche SE plans to invest more in the defense and security sector amid a significant decline in profits. This was announced by CEO Hans Dieter Pötsch, who emphasized the holding's interest in defense capability, security and European resilience. In order to achieve this goal, a platform for investments in the defense sector should be established. Loud daily news The plan is to also invest in emerging technology companies in collaboration with other investors.

To strengthen connections, a “Defense Day” is organized. This is intended to network German and European family businesses that are also interested in investing in the defense sector. Porsche SE already has investments in companies with dual-use technologies, including Isar Aerospace, which develops launch vehicles for satellites, and Quantum Systems, which makes drones for data collection and surveillance.

Financial situation of Porsche SE

Porsche SE's half-year figures show a dramatic decline in adjusted net profit of almost 50% to 1.1 billion euros. Profits fell to just 338 million euros. This development led to the forecast for full-year profit being significantly lowered to just between 1.6 and 3.6 billion euros - which is 800 million euros below the previous targets. These numbers represent a serious challenge for the automotive brand, as well Boersennews reported.

The automotive sector is under pressure and Porsche SE is looking for new sources of income. Moving into the defense sector could be a way to stabilize the financial situation and open up new business opportunities.