Porsche AG Reports Decline in Q1 2025 Financial Performance

Porsche AG announced on Tuesday a slight decline in its first-quarter sales revenue for 2025, totaling €8.86 billion, a 2% decrease compared to the previous year. The luxury carmaker is navigating through a challenging phase marked by significant financial downturns.

Sharp Drops in Profit and Earnings

The company witnessed a dramatic 44.5% year-on-year plunge in earnings per ordinary share, settling at €0.56. Profit after tax also took a hit, falling 44% to €518 million from €926 million. Operating profit wasn’t spared either, with a 41% reduction to €762 billion.

Vehicle Deliveries and BEV Share

Vehicle deliveries decreased by 7.9% to 71,470 units. However, in a silver lining, the share of battery electric vehicles (BEV) in Porsche’s deliveries surged from 5.6% in Q1 2024 to 25.9% in the same period this year, indicating a shift towards electric mobility.

Revised 2025 Outlook

Citing "challenging market conditions and declining demand" for all-electric luxury cars in China, along with additional costs from suppliers and new U.S. tariffs, Porsche has adjusted its 2025 revenue forecast. The new outlook ranges between €37 billion and €38 billion, down from the previously anticipated €39 billion to €40 billion.