German luxury sports car maker Porsche said on the 29th that it is maintaining its 2026 performance outlook thanks to a business restructuring plan. New job cuts are expected to total around 9,000, or about 20% of the workforce. Chief Financial Officer Jochen Breckner said this will drag down the second half by 300 million to 400 million euros, with a similar impact expected next year. Group operating profit in the first half rose 34% year-on-year to 1.35 billion euros. Although revenue fell 5%, the first-half operating margin was 7.8%, exceeding the full-year 2026 target range of 5.5% to 7.5%.
Porsche AGFirst-half operating profit rose 34% and margin exceeded 2026 target range, despite restructuring costs.
Porsche Automobil Holding SEAs majority shareholder, Porsche AG's improved profitability and maintained outlook positively impact holding company value.