Porsche AG Q1 operating profit fell 21.9% to €595 million, with sales revenue down 5.2% to €8.40 billion.
Vehicle deliveries dropped 15% YoY to 60,991 units, while battery‑electric share fell to 19.8% from 25.9%.
Net cash flow surged to €514 million (7.0% margin) from €198 million, aided by tighter working capital and lower capex.
New CEO Dr Michael Leiters reaffirmed full‑year revenue target €35‑36 billion, noting 2026 focus on “leaner and faster” under Strategy 2035.