Dr. Ing. h.c. F. Porsche AG Bearer Shares

P911: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Porsche Earnings: Margins Set to Recover Despite Continued Volume Pressure

Rella Suskin , Andrea Burigana

Mar 12, 2026

Porsche reported fourth-quarter revenue down 18% year over year, driven by persistent weakness in key end markets, particularly China, where deliveries declined 28%. Volumes are expected to remain under pressure in 2026, while operating margins should recover to 5.5%-7.5% from 1.1% in 2025.

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Dr. Ing. h.c. F. Porsche AG Bearer Shares

Porsche Earnings: Margins Set to Recover Despite Continued Volume Pressure

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