Despite the zero-Covid policy in China, supply chain disruption, sharp increases in energy and raw materials prices and interest rate hikes, Porsche SE appears to be coping well having delivered a 22% yoy increase in net income to €4bn in 9m 22. The below-expectation Q3 results of its main shareholding, Volkswagen, do not seem to have scared the German HoldCo, which maintained its outlook for FY 2022. Some caution is required however as the third quarter was down by 5% notwithstanding the good 9 ....
