Porsche SE said on Friday after tax profit for full year 2020 was expected to reach approximately EUR2.6bn "based on current knowledge".

The result is influenced significantly by the attributable at equity result from the capital stake in Volkswagen AG of currently about 31.4% and thus by the group result after tax of VW AG.

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Aside from the operating result the VW AG after tax profit includes additional components such the financial result and taxes on income. On 22 January VW AG said it expected a VW Group operating profit before special items related to diesel of around EUR10bn for 2020.

Porsche results are due for release on 23 March.

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