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Edge15 May 2026
TOMRA: Closing the Loop
The story of TOMRA: from reverse vending machine pioneer to global technology for deposit systems, recycling, and resource optimization.
Porsche Automobil
Porsche Automobil (PAH3) investor relations material
Porsche Automobil Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary13 May, 2026
Executive summary
Core investments in Volkswagen AG and Porsche AG drive group performance; both saw declines in results after tax year-over-year.
Impairment loss of €1.3 billion recognized on Volkswagen AG investment; €39 million reversal of impairment on Porsche AG investment.
Adjusted group result after tax was €382 million, down from €484 million in Q1 2025.
Net debt increased to €5.1 billion; equity ratio slightly up at 84.2%.
Financial highlights
Group result after tax: -€923 million (Q1 2025: -€1,081 million), mainly due to non-cash impairment on Volkswagen AG.
Adjusted result after tax: €382 million (Q1 2025: €484 million).
Cash outflow from operating activities: €88 million; investing activities: €25 million; financing activities: €194 million.
Cash and cash equivalents at €730 million, down from €1,038 million at year-end 2025.
Outlook and guidance
Adjusted group result after tax for FY 2026 expected between €1.5 billion and €3.5 billion.
Net debt forecasted between €4.7 billion and €5.2 billion by year-end 2026.
Volkswagen Group expects flat deliveries and revenue for 2026; Porsche AG forecasts revenue of €35–36 billion and operating return on sales of 5.5–7.5%.
Forecasts exclude potential impacts from increased US import tariffs and Middle East conflict.
Explain the €1.3 billion VW impairment drivers
Detail the ECJ referral in diesel litigation
Explain the US ID.4 production strategy shift
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Next Porsche Automobil earnings date
Q2 20267 Aug, 2026
Porsche Automobil
Next Porsche Automobil earnings date
Q2 20267 Aug, 2026
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