Marcin Jasinski @MJ_Lux: "🏎️💨 𝙋𝙤𝙧𝙨𝙘𝙝𝙚 𝙌𝟯 𝙀𝙖𝙧𝙣𝙞𝙣𝙜𝙨: 𝙇𝙤𝙨𝙨𝙚𝙨..."

Poland

Edited

🏎️💨 𝙋𝙤𝙧𝙨𝙘𝙝𝙚 𝙌𝟯 𝙀𝙖𝙧𝙣𝙞𝙣𝙜𝙨: 𝙇𝙤𝙨𝙨𝙚𝙨 𝙉𝙖𝙧𝙧𝙤𝙬, 𝙎𝙝𝙖𝙧𝙚𝙨 𝙍𝙖𝙡𝙡𝙮 𝙤𝙣 𝘽𝙚𝙩𝙩𝙚𝙧-𝙏𝙝𝙖𝙣-𝙁𝙚𝙖𝙧𝙚𝙙 𝙍𝙚𝙨𝙪𝙡𝙩𝙨 Porsche $P911.DE (Porsche AG) released its Q3 2025 financials on October 24, and while the numbers still show significant pressure, they were not as bad as investors had feared. Operating profit YTD fell to €40 million from more than €4.0 billion a year earlier, and the company reported a €967 million operating loss in Q3. Even so, the results came in ahead of some analyst expectations, sparking a rally in Porsche shares. The stock rose more than 3% on the day of the release and has gained around 15% in the weeks surrounding the report. For traders, the message is clear: markets had already priced in extreme pessimism, so “less bad” results were enough to drive buying. 𝙒𝙝𝙖𝙩 𝙩𝙝𝙚 𝙀𝙖𝙧𝙣𝙞𝙣𝙜𝙨 𝙎𝙝𝙤𝙬𝙚𝙙 🔴 Revenue: €26.86B, down 6% YoY 🔴 Deliveries: 212,509 vehicles, down 6% YoY 🔴 Operating profit: €40M vs €4.0B in 2024 (-99%) 🔴 Q3 operating loss: €967M 🔴 Extraordinary expenses: €2.7B related to EV/battery restructuring 🟢 Net cash flow: €1.34B, slightly higher than last year While profits collapsed, positive cash flow and a clearer outline of Porsche’s restructuring plan helped reassure markets. 𝙒𝙝𝙮 𝙩𝙝𝙚 𝙎𝙩𝙤𝙘𝙠 𝙍𝙤𝙨𝙚 The rally can be explained by a combination of factors: ✅ Better than expected: Analysts had braced for even larger losses. Porsche’s ability to keep cash flow positive and limit Q3 losses to under €1B was taken as a modest win. ✅ Relief rally: With bad news already priced in, investors reacted to the results as a sign the situation may be stabilizing. ✅ Technical breakout: Shares pushed above their 200-day moving average following the earnings release, attracting momentum-driven buying. ✅ Leadership reset: With Michael Leiters set to become CEO in January 2026, some investors are optimistic about fresh leadership and a more disciplined product strategy. Mr. Leiters brings decades of leadership in the automotive industry. 𝙄𝙣𝙫𝙚𝙨𝙩𝙤𝙧 𝙏𝙖𝙠𝙚𝙖𝙬𝙖𝙮 The Q3 results confirm that Porsche still faces a difficult environment, but the company avoided a worst-case scenario. For long-term investors, the brand’s strength and loyal customer base provide a foundation for recovery once restructuring charges subside. The share price rally reflects improving sentiment as markets recalibrate expectations. If Porsche can stabilize margins, deliver on its strategy, and show progress under new leadership, the recovery story could gain traction. For now, Porsche’s stock is benefiting from being better than feared — and in markets, that can be enough to drive a rally. What do you think? Is Porsche’s rebound the start of a turnaround story or just a short-lived relief rally? $PAH3.DE (Porsche Automobil Holding SE) $VOW3.DE (Volkswagen AG) $RACE (Ferrari NV) $TSLA (Tesla Motors, Inc.)