Porsche warned its profit guidance could be further pressured by President Donald Trump’s tariffs as its chief financial officer admitted to losing sleep over US import duties.
The luxury-car maker, which cut the target of its medium-term profit margin to 15-17 per cent, down from a previous 19 per cent, said its guidance could be further cut since it currently does not factor in “further potential import restrictions and tariffs”.
Porsche’s chief executive Oliver Blume, who doubles as the VW boss, warned of a “volatile political and economic environment” while its finance chief Jochen Breckner said he was having “sleepless nights” worrying about the tariff impact.
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