The VW roofholding Porsche SE sees potential in the armaments industry and would like to benefit more from the defense and security sector in the future. According to a communication on Wednesday, the company would like to continue to diversify and are increasingly involved in defense- without “changing the basic focus on mobility and industrial technology,” as CEO Hans Dieter Pötsch (74) emphasized.
Porsche SE is already successfully active with its investments in the field of dual-use technologies-i.e. those that could be used for both civilian and military purposes. On the one hand, a platform for investments in aspiring technology companies in defense is to be built up in a first step, whereby it can also be worked together with other investors and partners.
The company also examines possible participation options. The focus is on technology-driven fields of application such as satellite monitoring, educational and sensor systems, cybersecurity or logistics and replenishment systems.
Capped forecast
In Porsche SE, the Porsche and Piëch families mainly bundle their participations on VolkswagenGroup and the sports car manufacturer Porsche. The company lowered Because of the difficult situation In the core participations Volkswagen and Porsche AG their annual profit.
Adjusted for special effects, the DAX company is now still assuming 1.6 billion to 3.6 billion euros in profits, as Stuttgart say. So far, 2.4 billion to 4.4 billion euros have been on schedule.
In the first six months, Porsche SE was earned 1.1 billion euros and thus one billion less than a year earlier. Including the proportions of the shares, the bottom line was that the net profit has been collected from 2.1 to 0.3 billion euros.
Industry problems also burden the roof company
The situation in the automotive industry is in the face of US tariffs, the doldrums in China as well as the lame European economy difficult, in the second quarter the profits with the car companies fell VW and Porsche significant. That also hit the holding company.
The ongoing participation results shown in the financial result of Porsche SE therefore decreased significantly. At the end of the year, the company continues to strive for a corridor of 4.9 billion to 5.4 billion euros. In the half year, the net blows were 4.9 billion euros after 5.2 billion at the turn of the year.