Tagged stuttgart business

Porsche and Volkswagen see encouraging operating business

Structural changes impact Porsche SE group’s results

Stuttgart. Porsche Automobil Holding SE, Stuttgart, is able to report that its holdings’ operations continued to develop favorably throughout the first nine months of fiscal 2009/10, which ends on 31 July 2010. In this period, Porsche Zwischenholding GmbH group, in which Porsche SE holds a 50.1 percent share and which is primarily made up of Porsche AG and its subsidiaries, achieved an operating result of 0.6 billion euro. The group continues to report a two-digit return on sales. Revenue increased by 11.8 percent in relation to the comparative period of the prior year to 5.2 billion euro. Read more