No return to double-digit margins next year, Porsche finance chief says
24/10/2025 17:38
BERLIN, Oct 24 (Reuters) - Porsche P911_p.DE does not expect to return to double-digit margins next year, finance chief Jochen Breckner said after the German luxury carmaker reported a near 1-billion-euro ($1.2 billion) operating loss in the third quarter. "2025 will be the trough, but having said that, we do not expect, on a return on sales level, a double-digit performance in 2026," Breckner told investors. "That is something that we will target for the years to come after 2026," he said, adding that a high single-digit margin was possible for next year. ($1 = 0.8575 euros) (Reporting by Rachel More; Editing by Christoph Steitz) ((rachel.more@thomsonreuters.com;))