After tax profit at Porsche SE was EUR2.38bn in the first six months of 2019 compared to EUR1.90bn a year ago.

This was helped by the profit from the investment in Volkswagen AG of EUR2.42bn (EUR1.94bn).

Net liquidity of Porsche SE increased to EUR1.26bn at 30 June 2019 (31 December 2018: EUR864m).

The increase is attributable to dividends received from the investment in Volkswagen AG of EUR753m while dividend payments to the shareholders of Porsche SE of EUR676m for 2018 were not made until after 30 June. Payments made for the acquisition of ordinary shares in Volkswagen AG of EUR311m caused liquidity to decrease.

Based on its current group structure, the Porsche SE Group continues to expect a group result after tax of between EUR3.4bn and EUR4.4bn for full year 2019. The goal of the Porsche SE Group to achieve positive net liquidity remains unchanged. It is expected to be between EUR0.3bn and EUR0.8bn on 31 December 2019, not taking future investments into account.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now