Porsche SE to create platform for investments in EU defense companies.
Holding company Porsche SE intends to create an investment platform to finance promising technology companies operating in the European defense sector.
A press release on the company’s website outlines plans for investments in areas such as satellite surveillance, intelligence systems and sensors, as well as cybersecurity and logistics.
Chairman of the Board of Directors of the holding company Hans-Dieter Petsch noted: “We are closely monitoring the development of defense capabilities, security and resilience in Europe. In terms of portfolio investments, our goal is to expand our participation in the defense sector and related industries.”
In the first half of the year, the holding company recorded a decrease in net profit to 338 million euros, while in the same period last year it was 2.1 billion euros.
The group’s net debt fell to 4.9 billion euros, compared to 5.2 billion euros at the end of December 2024. The company also reported a reduction in its annual forecast following the introduction of new import tariffs in the United States.
Illustrative Photo by Quentin Martinez: https://www.pexels.com/photo/red-sports-car-with-iconic-gullwing-doors-outdoors-31192021/
