Porsche SE Slips Into the Red Due to Its Stake in VW

Slipped! Porsche, VW's Parent Company, is in the Red

2026-11-10 Source: dpa | Translated by AI 1 min Reading Time

Porsche SE, the holding company that owns Volkswagen, is increasingly feeling the impact of the weakness in its stakes in the Volkswagen Group and Porsche AG ...

In the first nine months, the Stuttgart-based company was in the red. However, this was expected. The net loss amounted to 2.8 billion euros (about $3.1 billion), according to Porsche SE. A year earlier, the company had posted a profit of 1.2 billion euros (about $1.3 billion). Impairment charges—primarily related to its stake in VW—are cited as the reason for the losses. The holding company owned by the Porsche and Piëch families also suffered a setback in terms of adjusted consolidated earnings—that is, earnings essentially adjusted for impairment charges and extraordinary items related to core investments—as the figures show. It fell from 1.6 (about $1.8 billion) to 0.9 billion euros (about $1.0 billion) (by a good 40 percent). The main factors behind Porsche SE’s earnings performance were Volkswagen’s lackluster results and those of the sports car manufacturer itself. As is well known, both are currently grappling with difficult market conditions—particularly in China—and with the upheaval in the automotive industry as a whole. “The quarterly results for the VW Group clearly show that the measures adopted to strengthen competitiveness, reduce costs, and sustainably improve profitability must be implemented swiftly,” commented Porsche SE CEO Hans Dieter Pötsch. He also serves as Chairman of the Supervisory Board of the Volkswagen Group. Pötsch confirmed the annual forecast for Porsche SE, which had been lowered in September.

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