Tagged Volkswagen AG

Very positive development of investments overshadowed by special effect

Revaluation of the put and call options negatively influences the nine-month profit/loss of Porsche SE / Effect does not impact liquidity

Stuttgart, Germany, 4 November 2011. In the first nine months of the fiscal year 2011, Porsche Automobil Holding SE, (Porsche SE) Stuttgart, reported a loss after tax of 462 million euro at group level. Profit from Porsche SE’s investments accounted for at equity, comprising the profit from Porsche Zwischenholding GmbH and Volkswagen AG attributable to Porsche SE, was clearly positive at 3.42 billion euro. However, the group’s profit was burdened by a non-cash special effect of minus 3.70 billion euro from the adjustment of the valuation of the put and call options for the shares in Porsche Zwischenholding GmbH remaining with Porsche SE. Read more