Investment company: Billion-euro loss at Porsche SE due to VW write-down
Porsche SE has to accept high write-downs at Volkswagen. The holding company is calling for rapid implementation of the savings program in Wolfsburg.
A write-down worth billions of euros on the stake in the Volkswagen Group has pushed the parent company Porsche SE deep into the red in the first half of 2026. The holding company reported a loss of €2.2 billion, as the company announced in Stuttgart. In the previous year, a profit of €300 million was still generated. Both Europe's largest automaker Volkswagen and the other significant stake, sports car manufacturer Porsche, are currently struggling with difficult market conditions and the transformation of the automotive industry.
The write-downs on Volkswagen shares amounted to €3 billion in the first half of the year and €200 million on the sports car manufacturer Porsche.
The holding company is calling for speed in the VW restructuring. Porsche SE CEO Hans Dieter Pötsch urged a rapid decision on the savings program in Wolfsburg. The Volkswagen Group is at a historic turning point. The decisions to be made now are about the future of Volkswagen. "The longer the decisions are delayed, the greater the problems become."
The CFO of Porsche SE, Johannes Lattwein, emphasized that the Porsche SE, as the majority shareholder, is behind the management board and its proposals. The goal is competitiveness. On the way to this, there must be no taboos. Otherwise, Volkswagen risks falling permanently behind in international competition.
The debt fell slightly to €5 billion at the end of June. The holding company Porsche SE continues to aim for an adjusted group result of €1.5 billion to €3.5 billion for the full year and a net debt of between €4.7 billion and €5.2 billion at the end of the year.
Translated by urgent.news from Handelsblatt's report; automated translation may contain errors. Machine-written — it may contain errors, so check the original before relying on it.
