Following Volkswagen's announcement preparation of annual financial statements for 2015 had been delayed "due to remaining open questions relating to the consequences of the emissions issue and the resulting valuation issues", Porsche SE has made a similar announcement.
Noting it currently holds a 30.8% stake in VW AG, Porsche Automobil Holding SE said "the reporting of the annual results of Volkswagen AG is a necessary precondition for the preparation of the annual results and group profit of Porsche SE. Therefore, the reporting of the annual and consolidated annual financial statements 2015 of Porsche SE will be postponed as well."
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VW's annual press and analyst conferences previously planned for 15 March and the Porsche annual general meeting scheduled for 4 May have been postponed with no new dates announced.
Porsche SE said its previous forecast of a consolidated total group profit after taxes for fiscal 2015 of between EUR0.8bn and EUR1.8bn euro would be affected by "special items in connection with the emissions issue" and was based on pre-crisis assumptions of VW group expectations.
