From Business

Porsche SE benefits from positive development at Porsche and Volkswagen

Profit, however, impacted by the valuation adjustment without effect on cash of the put and call options / significantly higher dividend proposed

Stuttgart, 15 March 2012. In the fiscal year 2011, Porsche Automobil Holding SE, Stuttgart (Porsche SE), benefited from the positive development of both its investments. Profit from the investments accounted for at equity, comprising the profit from Volkswagen AG and Porsche Zwischenholding GmbH attributable to Porsche SE, reached 4.66 billion euro. Of this figure, 395 million euro was attributable to the Porsche Zwischenholding GmbH group and 4.27 billion euro to the Volkswagen group. However, the result was impacted by a special effect from the adjustment through profit or loss, but without effect on cash, of the valuation of the put and call options for the shares in Porsche Zwischenholding GmbH held by Porsche SE. This special effect amounted to minus 4.37 billion euro in 2011. Overall, Porsche SE achieved a profit after tax of 59 million euro at group level. The group profit before taxes was 28 million euro; tax income of 31 million euro had a positive impact. Read more

Supervisory Board of Porsche SE extends appointments

Prof. Winterkorn and Hans Dieter Pötsch appointed for five more years

Stuttgart, 9 March 2012. In today’s meeting the Supervisory Board of Porsche Automobil Holding SE (Porsche SE), Stuttgart, extended the appointment of Prof. Dr. Martin Winterkorn as CEO and Hans Dieter Pötsch as CFO by five years effective 25 November 2012. They will exercise these tasks in addition to their functions as members of the Management Board of Volkswagen AG, Wolfsburg.

Dr. Wolfgang Porsche, Chairman of the Supervisory Board expressed his sincere thanks to the two Board Members for their successful work and said that he is convinced they will bring in their respec-tive know how and experience for the good and the further development of Porsche SE.

source: Porsche SE

Porsche sells five per cent more sports cars in January

Stuttgart. Dr. Ing. h.c. F. Porsche AG, Stuttgart, has got 2012 underway with an increase in deliveries: January saw the Zuffenhausen-based company deliver 9,613 vehicles of the 911, Boxster/Cayman, Cayenne and Panamera model lines to its customers worldwide, up 4.8 per cent compared with the same month the year before.

Bernhard Maier, Executive Vice President Sales and Marketing of Porsche AG said: “The good start in January shows that we have evidently set the correct course with our product offensive. This result picks up where last year’s good results left off.” Read more

Starting Today: New Special Exhibition “911 Identity” in the Porsche Museum

Tradition meets Innovation

Stuttgart. For more than four decades, the Porsche 911 has been deemed an automotive icon and the very epitome of the sports car. That means that the launch of the new Type 991 is an important event for the Porsche Museum Stuttgart as well. As a curtain raiser for 2012, the new generation is being welcomed as part of a major special exhibition from 31 January to 20 May, 2012 under the banner “911 Identity”.

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Porsche forges partnership with Stuttgart ballet

Zuffenhausen sports cars manufacturer steps up cultural commitment

Stuttgart. The New Year is getting under way with a promising collaboration: starting in January 2012, Dr. Ing. h.c. F. Porsche AG will partner with the Stuttgart ballet, promoting the world famous ballet company’s future appearances and events. The long-term partnership between the Stuttgart ballet and the leading international sports car company is under the banner “premium meets premium”.

Porsche’s goal is a close partnership based on trust.“This collaboration is a coming together of two brands that stand for values such as tradition, innovation and perfection. Our organisations are united not just by regionality and globality but also by a powerful, dynamic aesthetic, behind which lies a great deal of technology,” said Thomas Edig, Deputy Chairman and Member of the Executive Board for Human Resources and Social Affairs of Porsche AG. Read more