Refile: Porsche SE reports drop in profit after tax hit by Volkswagen woes

Porsche Automobil Holding SE

11/11/2025 07:12

Fixes spacing in headline, no other changes

BERLIN, Nov 11 (Reuters) - Porsche SE PSHG_p.DE, which controls Volkswagen VOWG_p.DE, said on Tuesday that adjusted profit after tax fell by over a third in the first nine months of the year, citing problems at the German carmaker and its subsidiary Porsche AG.

Group adjusted earnings after tax were down 36% on the previous year at 1.6 billion euros, the holding company said.

Porsche SE issued a profit warning in September, lowering its forecast margin to 2% from a previous range of 5% to 7% due to the ripple effects of a costly strategy reversal at Volkswagen's ailing sports car brand Porsche AG.

 (Reporting by Rachel More, Editing by Miranda Murray)

 ((rachel.more@thomsonreuters.com))