Porsche SE Profit For Fiscal Year 2020 Forecast at €2.6 Billion

In Stuttgart this morning Porsche Automobil Holding SE (Porsche SE) said fiscal year 2020 profit is projected at ~€2.6 billion based on current data. The group result after tax of Porsche SE is influenced significantly by Porsche’s equityportion from its capital stake in Volkswagen AG of currently about 31.4%, and thus by the group result after tax of Volkswagen AG.

Aside from the operating result, the group result after tax of Volkswagen AG includes additional components such as for example the financial result and taxes on income. On 22 January 2021 Volkswagen AG announced it expects for Volkswagen Group an operating result before special items related to diesel of around €10 billion for the fiscal year 2020. (see AutoInformed.com on Volkswagen Group Debuts Investment Plan for 2020-2024, Volkswagen Debuts 34 New Models Worldwide in 2020, Volkswagen Group Posts 2019 Profit Despite Diesel Charges)

About Ken Zino

Ken Zino is an auto industry veteran with global experience in print, broadcast and electronic media. He has auto testing, marketing, public relations and communications expertise garnered while working in Asia, Europe and the U.S.
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