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Investing.com -- Porsche Automobil Holding SE (ETR:PSHG_p), Volkswagen’s largest shareholder, cut its 2025 profit forecast on Wednesday, citing Volkswagen’s weak first-half performance, but reaffirmed plans to expand into the defense sector.
The company now expects adjusted group profit after tax of €1.6–3.6 billion ($1.9–4.2 billion), down from a prior range of €2.4–4.4 billion.
First-half adjusted net profit fell to €1.1 billion from €2.1 billion a year earlier.
While automotive investments remain the core of its portfolio, Porsche SE said “against the backdrop of a changing geopolitical situation and growing security policy requirements,” it sees significant growth potential in defense and security.
Chairman Hans Dieter Poetsch said the aim is “to increase our involvement in the defense and defense-related sectors while maintaining our core focus on mobility and industrial technology.”
The company plans to create an investment platform for emerging defense technology firms, potentially with partners, and will host a networking event for German and European family offices.
Future investments will target areas such as satellite surveillance, reconnaissance and sensor systems, cybersecurity, and logistics.