Porsche Reports Strong Operating Profit Recovery Amid Restructuring

Porsche said Tuesday that its operating profit recovered strongly in the first nine months of the year, offering an early test of a restructuring plan aimed at turning around the struggling sports car maker.

The Volkswagen-owned company is pursuing a strategy drawn up by chief executive Michael Leiters to shrink the business and reduce its reliance on the Chinese market.

The recovery comes as Porsche works to reshape its operations, with profitability a key measure of whether the overhaul is gaining traction.

Reducing dependence on China is a central part of the plan, alongside efforts to create a smaller company. The nine-month performance provides an early indication of progress, though it does not establish whether the recovery can be sustained.