Porsche SE increased group profit to EUR1.74bn (US$2.34bn) in the first half of this year, a result significantly influenced by the profit of EUR1.77bn (US$2.76bn) from the investment in Volkswagen AG accounted for at equity. This compares with EUR1.49bn (US$2bn)in the first half of 2013.

Net liquidity remained almost unchanged at EUR2.54bn. As Porsche did not participate in Volkswagen’s capital increase in June to partially refinance its voluntary public offer to the shareholders of Scania AB, the sportscar maker’s share in VW decreased from 32.2% to 31.5% although Porsche’s share in VW’s ordinary shares remained unchanged at 50.7%.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Porsche said it still expects a group profit for the year of between EUR2.2bn (US$2.9bn) and EUR2.7bn (US$3.6bn).

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now