German automaker Porsche increased its operating profit by 34 percent to €1.35 billion in the first half of the year, although its revenue fell by around five percent to €17.23 to €17.3 billion. According to available data, net profit reached €1.07 billion. teraz.sk ↗
The results suggest a stabilization following the crisis year of 2025, though the automaker remains under pressure. The better result was also helped by lower costs related to previous problems and reserves released from last year. CEO Michael Leiters stated that the company has been working intensively on its strategy since he took office at the start of the year, but also warned that a lot of work still lies ahead. hnonline.sk ↗
Porsche is also continuing extensive cost-saving measures. In the Stuttgart region, a total of approximately 9,000 jobs are set to be eliminated by the end of 2035, of which approximately 5,000 were added in the second restructuring package. The cuts are expected to affect both the main plant in Stuttgart-Zuffenhausen and the development center in Weissach. Refresher.sk ↗
The reduction in the number of employees is meant to proceed in a socially acceptable manner, mainly through natural attrition, partial retirement, and termination agreements. Part of the agreement includes extending employment security until the end of 2035, as well as adjustments to working conditions, including wages and breaks. hnonline.sk ↗
According to the latest information, the savings will not take effect immediately, since the job cuts themselves will cost Porsche hundreds of millions of euros in the short term. The automaker's development thus remains part of the broader restructuring of the German automotive industry, which faces high costs, tough competition, tariffs, and weaker demand in China. Trend ↗
Porsche increased profit, but cuts in Stuttgart will be costly
This summary was generated by artificial intelligence. It may contain inaccuracies. Please verify information in the original sources below.
Sources (8)
Prevádzkový zisk automobilky Porsche v prvom polroku vzrástol
teraz.sk
| 12:48 29.07.
I ricavi di Porsche nel semestre scendono a 17,23 miliardi di euro
ANSA
| 10:08 29.07.
Porsche muss sparen: Vorerst Erleichterung in Zuffenhausen
Tagesschau
| 12:04 28.07.
Porsche do roku 2035 zruší v okolí Stuttgartu dalších 5000 míst
novinky.cz
| 09:30 28.07.
"Lage der Industrie kritisch": Deutschland steuert auf Stillstand zu
Der Standard
| 16:24 27.07.
Porsche pokračuje v masivních škrtech. Do roku 2035 zruší dalších pět tisíc míst
e15.cz
| 16:00 27.07.
Porsche baut weitere 5000 Stellen ab
Spiegel.de
| 15:37 27.07.
Porsche streicht 5000 Stellen – und führt neuen „IG-Metall-Bonus“ ein
Welt
| 14:44 27.07.
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