For the 2025 financial year, Porsche AG expects a Group operating return on sales in a range of 10% to 12%. This is below the figure for the 2024 financial year. Besides the additional investments that are planned, the main reasons for this include reduced vehicle sales and an unchanged high cost level in the value chain. In addition, very high depreciation will remain due to the extensive investments of recent years. This forecast includes assumed sales revenues in the region of ~€39 to €40 billion.