Porsche Struggles, Hermes Resilient: EMEA Earnings Week Ahead

Volkswagen AG, Renault SA and Stellantis NV set the tone for European carmakers this earnings season with guidance cuts and a surprise loss.

German peers are set to follow as the entire sector creaks under the weight of a trade war, Chinese competition and falling sales.

Porsche AG — whose market capitalization has plunged more than $70 billion since its 2023 peak — faces plummeting sales of its famous Cayenne and 911 models. BMW AG looks sturdier, with its operating margin on track to meet guidance, though uncertainty over a trade deal between the US and the European ...