Tooney
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Porsche AG accelerates rescaling of the company and keeps dividend stable - Porsche AG newsroom
Porsche AG is responding to the changed framework conditions with a comprehensive strategic realignment plan, which includes adapted product and corporate planning. In view of the significantly longer transition phase globally, on the journey to electric mobility, Porsche intends to strategically reposition its battery activities and expand its product portfolio to include additional models with combustion engines and plug-in hybrid-drive systems. In addition, the company has launched an extensive cost and rescaling programme. Around 3,900 jobs are to be cut by 2029. Furthermore, management and the works council will be negotiating a structural package in the second half of the year. This is intended to make Porsche even more efficient in the medium and long term. The realignment of battery activities and the extensive investments associated with the new product and corporate planning will result in total special expenses of 1.3 billion euros in the 2025 financial year. “This has a noticeable impact on our earnings, but we accept that,” says Dr Blume. “It is necessary to ensure that Porsche remains robust and highly profitable.”
Porsche AG is responding to the changed framework conditions with a comprehensive strategic realignment plan, which includes adapted product and corporate planning. In view of the significantly longer transition phase globally, on the journey to electric mobility, Porsche intends to strategically reposition its battery activities and expand its product portfolio to include additional models with combustion engines and plug-in hybrid-drive systems. In addition, the company has launched an extensive cost and rescaling programme. Around 3,900 jobs are to be cut by 2029. Furthermore, management and the works council will be negotiating a structural package in the second half of the year. This is intended to make Porsche even more efficient in the medium and long term. The realignment of battery activities and the extensive investments associated with the new product and corporate planning will result in total special expenses of 1.3 billion euros in the 2025 financial year. “This has a noticeable impact on our earnings, but we accept that,” says Dr Blume. “It is necessary to ensure that Porsche remains robust and highly profitable.”
