Porsche Automobil Holding SE has announced a group profit for the first nine months of 2016 of EUR1.64bn compared with EUR1.48bn a year ago.

"This result is significantly influenced by the profit from investments in Volkswagen AG accounted for at equity of EUR1.69bn (EUR1.54bn in 2015)," the company said.

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Taking into account "Volkswagen Group's expectations regarding its future development and the existing uncertainties with regard to possible special effects in connection with the diesel issue, Porsche SE continues to expect a group profit for the year of between EUR1.4bn and EUR2.4bn for the fiscal year 2016," it said.

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