Porsche Reports Strong Recovery in Operating Profit

Porsche said Tuesday that its operating profit rebounded strongly in the first nine months of the year, marking an early test of a restructuring drive at the struggling sports car maker.

The Volkswagen-owned company is pursuing a turnaround under chief executive Michael Leiters, whose plan aims to shrink the business and reduce its reliance on the Chinese market.

The recovery comes as Porsche seeks to reshape its operations around those priorities. Moving toward a smaller business is a central element of the restructuring effort.

Reducing dependence on China is another key objective, putting the company’s market exposure alongside its size at the heart of the turnaround strategy.

The nine-month performance offers an early measure of progress, though the profit rebound alone does not establish whether the restructuring will deliver a lasting recovery.