Porsche keeps forecast as restructuring begins to pay off

Porsche Automobil Holding SE

29/07/2026 06:49

Repeats earlier story without changes to text
BERLIN, July 29 (Reuters) - Porsche P911_p.DE confirmed its 2026 guidance on Wednesday despite persistent challenges as restructuring measures began to pay off, the luxury carmaker said upon reporting half-year results.
CEO Michael Leiters said the company, majority-owned by Volkswagen VOWG_p.DE, had worked intensively on strategy since he took on the job at the start of the year, but warned "we still have a lot of work ahead of us."
A new package of job cuts, bringing the total number to around 9,000, is expected to burden results by a three-digit-million amount in the second half of 2026, finance chief Jochen Breckner said.

 (Reporting by Rachel More, Editing by Linda Pasquini)
 ((rachel.more@thomsonreuters.com;))