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).
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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.
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