The Volkswagen-Gross shareholder Porsche SE is getting more and more felt in the auto industry and therefore relies on more commitment in armor. The adjusted net profit, which is primarily characterized by the results of the subsidiaries Volkswagen and the sports car manufacturer Porsche AG, broke billions of euros by almost half to 1.11 (2024: 2.11) in the first half of the year, as the Holding dominated by the Porsche and Piech families on Wednesday. VW and Porsche AG had to accept back profits. The bottom line was that the Porsche SE was only a profit of 338 million euros, so the Porsche SE had to reduce the forecast for the year as a whole: to be expected to be an adjusted profit of 1.6 to 3.6 billion euros. The range is 800 million euros below the previous destinations. The net debt, which has dropped to 4.9 (5.2) billion euros in the previous year, should grow to a maximum of 5.4 billion euros by the end of the year. This industry mountains “considerable development potential (…) from which the company wants to benefit”, it said in the half -year report. “On our way to a diversified investment platform, we are following the topics of defense, security and European resilience very precisely,” said CEO Hans Dieter Pötsch. “We (…) want to be more involved in the area of defense or defense without changing our basic focus on mobility and industrial technology.” Holding wants to team up more about the topic with other rich families. On a “Defense Day”, contacts with German and European Family Offices are to be linked that are interested in armaments investments. A first step is to set up a platform for investments in technology-driven armaments companies that deal with satellite monitoring, educational and sensor systems, cyber security or logistics and supply systems. Porsche SE is already involved in the satellite start-up Isar Aerospace and drone manufacturer Quantum Systems.
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