On April 29th, Porsche AG announced its financial results for the first quarter of 2025, revealing an operating revenue of €8.86 billion, marking a 1.7% decrease from the same period last year. Sales profit plummeted by 40.6% year-on-year to €760 million, resulting in a sales return of 8.6%, significantly lower than the 14.2% recorded in the first quarter of 2024. Additionally, new vehicle deliveries declined by 7.9%, totaling 71,470 units.

In light of these developments, Porsche has revised its outlook for the fiscal year 2025. The company now anticipates operating revenue to fall within the range of €37 billion to €38 billion, down from the previously forecasted range of €39 billion to €40 billion. The expected sales return has also been adjusted to 6.5% to 8.5%, which is below the previously projected 10% to 12%. Furthermore, the net cash flow margin for the automotive business is expected to be 4% to 6%, a decrease from the previous estimate of 7% to 9%.