Porsche SE stock trades at EUR 25.24 after forecast cut

Published on 09/29/2026 at 17:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Porsche SE stock was at EUR 25.24 at Lang & Schwarz on September 29, 2026 at 5:00 p.m. CEST, down 0.39 percent versus EUR 25.34. Its 2026 earnings range was cut by EUR 2.0 billion at both ends.

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Porsche SE stock (ISIN DE000PAH0038) was trading at EUR 25.24 at Lang & Schwarz on September 29, 2026 at 5:00 p.m. CEST, down 0.39 percent versus the prior close of EUR 25.34. The central issue is the holding company's sharply reduced adjusted earnings outlook for fiscal year 2026.

Forecast range shifts lower

According to Finanznachrichten, Porsche SE announced on September 18, 2026 that its adjusted consolidated net income forecast for 2026 had been reduced to a range of EUR -0.5 billion to EUR 1.5 billion, from EUR 1.5 billion to EUR 3.5 billion.

The comparison is material: both the lower and upper ends are EUR 2.0 billion below the previous range. The company linked the change to Volkswagen's revised 2026 outlook, while Porsche SE maintained its net debt forecast at EUR 4.7 billion to EUR 5.2 billion for December 31, 2026.

June figures show the balance sheet

The investor-relations figures for June 30, 2026 show adjusted consolidated net income of EUR 949.0 million, consolidated net debt of EUR 4.982 billion and net asset value of EUR 12.5 billion. The reported holding discount was 34.00 percent, while loan-to-value stood at 28.50 percent, according to Porsche SE.

Those figures frame the stock differently from a conventional carmaker. Porsche SE combines core holdings in Volkswagen AG and Porsche AG with portfolio investments in mobility and industrial technology, so changes in Volkswagen's earnings outlook flow directly into the holding company's valuation and profit expectations.

Next reporting date is November 10

Porsche SE's financial calendar lists November 10, 2026 for its consolidated quarterly statement for the third quarter. The date gives the market a defined checkpoint for the effect of the lower annual forecast and for the development of net debt.

Stock stays near its yearly low

Porsche SE stock was trading at EUR 25.24 at Lang & Schwarz on September 29, 2026 at 5:00 p.m. CEST, down 0.39 percent versus the Lang & Schwarz prior close of EUR 25.34 on September 28, 2026. The Xetra listing is identified by ticker PAH3 and the company is included in the MDAX.