Porsche's 20% profit margin goal 'out of the question', CEO says

Porsche Automobil Holding SE

08/09/2025 12:00

MUNICH, Sept 8 (Reuters) - Porsche P911_p.DE, which is being squeezed by weak demand and tariffs in its two biggest market, is not seeing a way to reach a 20% long-term margin target anytime soon, its chief executive said.

Oliver Blume, speaking to journalists during the IAA Munich auto show, said that target was "out of the question" given developments in the industry, adding this could change once conditions improve again.

 (Reporting by Christina Amann; Writing by Christoph Steitz, Editing by Miranda Murray)

 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))