Given that VW posted a €1bn net loss in H1 due to the COVID-19-led crisis, Porsche SE’s figures also swung to the red. Likewise, the FY20 outlook for the holding company remains uncertain, although net liquidity is expected stay at an appropriate level.
10 Aug 2020
Group earnings sunk by VW's H1 loss
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Group earnings sunk by VW's H1 loss
Porsche Automobil Holding SE Pref (PAH3:WBO) | 0 0 (0.0%) | Mkt Cap: 7,181m
- Published:
10 Aug 2020 -
Author:
Jorge Velandia -
Pages:
2
Given that VW posted a €1bn net loss in H1 due to the COVID-19-led crisis, Porsche SE’s figures also swung to the red. Likewise, the FY20 outlook for the holding company remains uncertain, although net liquidity is expected stay at an appropriate level.