SUPPLY CHAIN STRATEGIES
Financial resilience and balance sheet health The company’ s resilience is built on a strong financial basis and a healthy balance sheet. Despite the burdens of 2025, high net liquidity provides the group with the flexibility needed for future tasks. Automotive net cash flow was 1.51 billion euros in 2025, which was within the adjusted range. The operating return on sales of 1.1 per cent reflected the extraordinary charges taken during the year. For 2026, the company expects a higher group operating return on sales between 5.5 and 7.5 per cent. To maintain this financial strength, the board has proposed a reduced dividend of 1.00 euro per ordinary share. This reduction reflects the extraordinary burdens of the previous year while remaining above the original 50 per cent guideline, securing the foundations for sustainably strong results.
Logistics of innovative hybrid flagships The logistics and production of innovative flagship models, such as the 911 Turbo S, represent the pinnacle of the company’ s technical excellence. Presented in September 2025, this model features bi-turbo powertrain technology with T-Hybrid systems. Managing the supply and production of such sophisticated powertrain components is essential for maintaining the brand’ s reputation for high performance. Michael is now looking at ways to grow the brand further, saying:“ We are considering the expansion of our product portfolio in order to grow in higher-margin segments. In doing so, we are looking at models and derivatives both above our current two-door sports cars and above the Cayenne.” This strategic realignment is part of the comprehensive plan to make Porsche products even more desirable.
Strategic recalibration for the 2026 forecast The 2026 financial year is anticipated to be very challenging, requiring a continued focus on strategic recalibration. Market conditions in China and geopolitical uncertainties are expected to remain under pressure. The company expects revenue to develop more favourably than delivery figures in the coming year. A higher group operating return on sales is projected, demonstrating the intended impact of the current cost-reduction measures. Streamlining management structures and reducing bureaucracy are intended to counteract the growth of indirect areas that occurred in previous years. Michael remains confident in the new direction, concluding:“ Strategy 2035 is the framework for realigning Porsche. It will require difficult decisions, but we will emerge from this crisis stronger than ever.” supplychaindigital. com 89