tradingkey.logo

Porsche saw tariff hit of at least 100 mln eur in April, May

ReutersApr 29, 2025 7:41 AM

- Porsche P911_p.DE suffered a hit in the "low triple-digit million euro" range in April and May as a result of U.S. car import tariffs, its finance chief said, adding the company had so far not launched any countermeasures.

Jochen Breckner, speaking after presenting a significant drop in the group's first-quarter profit margins, said that if tariffs remained in place the group would have to pass them on in part to customers via price increases.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI