Tagged porsche se

Profit after tax reaches 149 million euro in the first half of the year

Very good operating development of investments / burden from non-cash special effect

Stuttgart, 2 August 2011. In the first six months of the fiscal year 2011, Porsche Automobil Holding SE, Stuttgart (Porsche SE) reported profit after tax of 149 million euro at group level. In the first half of 2010, the group had reported a loss of 1.62 billion euro.

The profit for the first six months of 2011 was primarily influenced by two matters: Profit from investments accounted for at equity, comprising the profit from the investments held by Porsche SE in Volkswagen AG and Porsche Zwischenholding GmbH, came to 1.93 billion euro. Of this figure, 202 million euro was attributable to the Porsche Zwischenholding GmbH group and 1.72 billion euro to the Volkswagen group. On the other hand, the Porsche SE group’s profit was burdened by a non-cash special effect from the valuation of the put and call options for the shares in Porsche Zwischenholding GmbH remaining with Porsche SE totaling minus 1.64 million euro. Due to this special effect, profit after tax in the first half of 2011 was considerably lower than in the first quarter of 2011 at 691 million euro. Read more

Prof. Dr. Winterkorn: “Porsche SE is clearly on track for success”

Annual General Meeting in Stuttgart / very good business development of Porsche and Volkswagen investments / proposed dividend of 50 cents per preference share

Stuttgart, 17 June 2011. Porsche Automobil Holding SE (Porsche SE) is continuing to benefit from the very good business development of its Volkswagen and Porsche investments. In the first three months of the fiscal year 2011, profit after tax totaled 691 million euro. Already in the short fiscal year 2010, from 1 August to 31 December of the prior year, Porsche SE disclosed profit after tax of 1.29 billion euro. “Porsche SE is clearly on track for success,” Prof. Dr. Martin Winterkorn, CEO of Porsche SE told shareholders at the company’s Annual General Meeting in Stuttgart. 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

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 and Volkswagen see encouraging operating business

Structural changes impact Porsche SE group’s results

Stuttgart. Porsche Automobil Holding SE, Stuttgart, is able to report that its holdings’ operations continued to develop favorably throughout the first nine months of fiscal 2009/10, which ends on 31 July 2010. In this period, Porsche Zwischenholding GmbH group, in which Porsche SE holds a 50.1 percent share and which is primarily made up of Porsche AG and its subsidiaries, achieved an operating result of 0.6 billion euro. The group continues to report a two-digit return on sales. Revenue increased by 11.8 percent in relation to the comparative period of the prior year to 5.2 billion euro. Read more