Profit, however, impacted by the valuation adjustment without effect on cash of the put and call options / significantly higher dividend proposed
Stuttgart, 15 March 2012. In the fiscal year 2011, Porsche Automobil Holding SE, Stuttgart (Porsche SE), benefited from the positive development of both its investments. Profit from the investments accounted for at equity, comprising the profit from Volkswagen AG and Porsche Zwischenholding GmbH attributable to Porsche SE, reached 4.66 billion euro. Of this figure, 395 million euro was attributable to the Porsche Zwischenholding GmbH group and 4.27 billion euro to the Volkswagen group. However, the result was impacted by a special effect from the adjustment through profit or loss, but without effect on cash, of the valuation of the put and call options for the shares in Porsche Zwischenholding GmbH held by Porsche SE. This special effect amounted to minus 4.37 billion euro in 2011. Overall, Porsche SE achieved a profit after tax of 59 million euro at group level. The group profit before taxes was 28 million euro; tax income of 31 million euro had a positive impact. Read more
Dr. Ing. h.c. F. Porsche AG, Stuttgart, is delighted to announce that a special accolade has been awarded to one of its most successful works drivers. Hans Herrmann, born in 1928, was inducted into the Sebring Hall of Fame on 16 March 2012. This prestigious award from the organizers of the famous American racing circuit was announced in the run-up to this year’s 12 Hours of Sebring, which was held for the sixtieth time in 2012. Also inducted to the Sebring Hall of Fame were the American racing legends Geoff Brabham, Denise McCluggage, Johnny O’Connell and Jim Downing. Read more