Key facts
- Porsche's operating profit reached €1.74 billion in the first nine months.
- Last year's profit for the same period was €40 million.
- Restructuring costs of €2.7 billion affected earnings in the prior year.
Volkswagen's sports car maker Porsche reported a significant rebound in profit for the first nine months of the year, reaching €1.74 billion. This recovery comes after the company incurred €2.7 billion in restructuring costs in the same period last year, which had severely impacted earnings, reducing them to €40 million. The company confirmed its financial guidance for 2026, indicating confidence in its ongoing turnaround plan under CEO Michael Leiters, which includes downsizing and a strategic shift away from China.