Bernstein Sticks to Their Hold Rating for Porsche Automobil Holding (0JHU)

TipRanksMay 15 14:25 · Ratings

Porsche Holding's Q1 performance was hit, prompting a call for Volkswagen to restructure its business model.

On May 13, Porsche SE, the largest shareholder of Volkswagen, released its first-quarter financial report. Due to the weak performance of Volkswagen, Porsche SE's profit for the quarter declined significantly. The company publicly urged Volkswagen to carry out a fundamental restructuring of its core business model to address the current severe market challenges. Financial data showed that in the first quarter of this year, Porsche SE’s adjusted net profit after tax amounted to 382 million euros, a year-on-year drop of 21%. Additionally, due to a non-cash impairment provision of 1.3 billion euros on its stake in Volkswagen, Porsche SE recorded a loss of 923 million euros for the quarter.

Global Market MonitorMay 13 14:47

Porsche SE Generated Proceeds of EUR60M in 1Q From Sale of Investment in Celestial AI

Dow JonesMay 13 14:09

Porsche SE: Possible Tariff Increase, Effects of Middle East War Can't Be Reliably Estimated

Dow JonesMay 13 14:07

Porsche SE Still Expects 2026 Adj Group Result After Tax of EUR1.5B-EUR3.5B, Net Debt EUR4.7B-EUR5.2B

Dow JonesMay 13 14:06

Porsche SE Net Debt Ended 1Q at EUR5.15B

Dow JonesMay 13 14:02