Porsche SE: Krise bei Volkswagen und Porsche reduziert Vermögen der Eigentümerfamilie
Die Autobranche steckt in der Krise. Das spürt auch die Volkswagen-Eigentümerholding. Mehrere Beteiligungen werden massiv abgewertet. Der Wert anderer indes steigt – aber nicht genug.
Porsche SE faces a crisis as Volkswagen and Porsche's weakness reduces the family's wealth, according to wire material. The family's holding company, Porsche SE, reported a net loss of 2.8 billion euros in the first nine months, a stark contrast to the 1.2 billion euro profit recorded the previous year. The losses stem from significant devaluations, mainly due to declining stakes in Volkswagen and Porsche, both of which are facing challenging market conditions, particularly in China and the evolving automotive industry.
In contrast, the value of other stakes increased by 134 million euros to 669 million euros. Porsche SE invested in Stoke Space Technologies in the US space sector and made follow-on stakes in Quantum Motion, Quantum Systems, Waabi, and Isar Aerospace in 2026. Overall, the holding now has stakes in 15 technology companies across Europe, North America, and Israel.
The company's tax-adjusted portfolio income rose to 135 million euros, a significant jump from 13 million euros the previous year, mainly due to fair-value assessments of portfolio stakes, particularly the re-evaluation of Quantum Systems' investment. However, the Porsche SE family holding witnessed a significant decline, with its adjusted group result falling from 1.6 billion to 0.9 billion euros, a decrease of nearly 40 percent.
Porsche SE CEO Hans Dieter Pötsch urged Volkswagen CEO Oliver Blume to swiftly implement measures to strengthen competitiveness, reduce costs, and improve profitability. He also serves as the supervisory board chairman at Volkswagen. The company cut its 2026 earnings outlook for Porsche SE to a range of minus 0.5 to plus 1.5 billion euros, with net debt expected to range between 4.7 to 5.2 billion euros.
The debt primarily comes from the 2022 initial public offering of Porsche AG. The family holding must now refinance its debt in the coming years as interest rates rise, while the quarter-end debt was almost unchanged at 5.1 billion euros as of the end of the last quarter.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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