Porsche SE has withdrawn its forecast for the group after tax results for 2020. Volkswagen AG had already said it had withdrawn its outlook due to the impact of the Covid-19 pandemic.

"It is currently not foreseeable for Volkswagen when a new forecast for the current financial year is possible. Therefore, also for the executive board of Porsche SE it is not possible to make a new forecast for the time being," the latter company said in a statement.

Go deeper with GlobalData

Go deeper with GlobalData

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

The net liquidity forecast remains unaffected – EUR0.4bn to 0.9bn on 31 December 2020.

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