From Business

Preference shareholders to receive dividend of 50 Eurocent per preference share

Ordinary shareholders will not participate in dividend distribution for the benefit of the preference shareholders / dividend of 50 Eurocent per preference share intended / preference shareholders no longer pursue special audit

Stuttgart, 5 May 2011. The ordinary shareholders of Porsche Automobil Holding SE, Stuttgart, have declared vis-à-vis the company that they will not participate in the dividend distribution for the rump fiscal year 2010 and that the dividend shall be paid out exclusively to the holders of the preference shares. In coordination with the consortium banks of the syndicated loan, up to 80 million EUR may be distributed as a dividend for the rump fiscal year 2010. A dividend of 50 Eurocent per preference share is intended. By this step, the ordinary shareholders (including the families Porsche and Piëch) on the one hand intend to honor the continued support of the holders of the preference shares, with a view to the capital increase implemented in April 2011 and the low dividend for the two past fiscal years. Read more

Significant profit at Porsche SE

691 million euro profit after tax in the first quarter of 2011 / capital increase yields issue proceeds of around 4.9 billion euro

Stuttgart, 29 April, 2011. Porsche Automobil Holding SE (Porsche SE), Stuttgart, remains on the right track. In the first three months of the current fiscal year 2011, profit after tax totaled 691 million euro. This was mainly due to the very good development of its Porsche and Volkswagen investments. The profits from investments accounted for at equity were 606 million euro in the first three months. They comprise the share of net profit generated by these investments that is attributable to Porsche SE. Read more

Better than expected result at Porsche SE

Return to profit expected for 2011, Very good development of operating business at Porsche AG and in the Volkswagen group

Stuttgart, Germany. In the past fiscal year 2009/10 (ended 31th July) Porsche Automobil Holding SE, Stuttgart (Porsche SE) achieved earnings after tax of minus 454 million euro. This is an improvement on the figure expected when Porsche SE published its six-monthly financial report. At that time, the company forecast a low single-digit billion-euro loss. In the prior year, the group’s loss after tax was 3.563 billion euro. Read more

Matthias Müller appointed to the executive board of Porsche SE

Stuttgart, Germany, At its meeting today, the supervisory board of Porsche Automobil Holding SE concordantly appointed Matthias Müller (57) to the executive board of Porsche SE (member with responsibility for general technical product issues) with immediate effect. Müller, who has been CEO of Dr. Ing. h.c. F. Porsche AG since 1 October 2010, succeeds Michael Macht on the Porsche SE executive board. Macht was appointed to the board of management of Volkswagen AG on 1 October 2010 where he is responsible for group production. Read more

Porsche with record turnover

Panamera and new Cayenne drive growth forward

Stuttgart. The Dr. Ing. h.c. F. Porsche AG, Stuttgart, has again achieved outstanding results in the business year 2009/10 (July 31). According to the preliminary figures, with a growth of 17.9 percent to 7.79 billion euros, Porsche achieved the highest turnover in company history. Sales also rose by 8.8 percent to 81,850 (previous year: 75,238) vehicles. Read more