Middle East conflict is hitting Porsche demand, CFO says

Volkswagen AG

29/04/2026 18:02

BERLIN, April 29 (Reuters) - Conflict in the Middle East is weighing on Porsche's P911_p.DE sales due to lower demand and shipping disruptions, finance chief Jochen Breckner said on Wednesday.

"We've seen first negative effects in March, Breckner said after presenting first-quarter results. "Given the ongoing disruption to vehicle logistics into the region and currently subdued dealer traffic due to the conflict, we have to expect a further temporary volume impact," he added.

The region accounted for around 2% of the luxury carmaker's global wholesales in 2025, Breckner said.

 (Reporting by Rachel More; Editing by Christoph Steitz)

 ((rachel.more@thomsonreuters.com;))