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Porsche says vehicle development expenses to impact 2025 operating profit

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Porsche AG said on Thursday that expenses for the vehicle development and battery activities in its subsidiaries will impact its operating profit and automotive net cash flow for up to 800 million euros ($830.
Porsche AG announced on February 6, 2025, that its operating profit for the year would be impacted due to significant investments in vehicle development. The German luxury car manufacturer expects these expenses to reduce its operating return on sales to between 15% and 17%, down from the 18% achieved in the previous year. This strategic move is aimed at enhancing its product lineup, focusing on electric vehicles (EVs) and digital technologies to meet future market demands and regulatory requirements. Despite the anticipated dip in profits, Porsche remains committed to its long-term growth strategy, emphasizing innovation and sustainability in its automotive offerings.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/porsche-says-vehicle-development-expenses-impact-2025-operating-profit-2025-02-06/ ]