Porsche reported a 30% decline in first-quarter operating profit, attributing it to increased investments in what the firm termed its most significant year of product launches ever. Despite this, operating profit for the period matched estimates at $1.37 billion, while sales exceeded forecasts at $10.62 billion. CEO Oliver Blume affirmed the company’s commitment to strategy amid challenging conditions, particularly in China where demand has faltered, contributing to a 24% drop in quarterly deliveries.