After VW had released its 9M18 numbers, we had adjusted (i.e. lowered) our Porsche SE projections as well. Hence, today’s profit numbers and management’s full-year guidance was no surprise.
Porsche SE’s net profit was €2.67bn (vs. €2.14bn in 9M17) and the at-equity contribution from VW was €2.74bn (€2.20bn last year). The gap, i.e. the loss from the consolidated activities and the holding company’s operating expenses, was €70m this year compared to €60m last year.
Management expects the full- ....
20 Nov 2018
Porsche’s 9M profit number was no surprise
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Porsche’s 9M profit number was no surprise
Porsche Automobil Holding SE Pref (PAH3:WBO) | 0 0 (0.0%) | Mkt Cap: 7,181m
- Published:
20 Nov 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
After VW had released its 9M18 numbers, we had adjusted (i.e. lowered) our Porsche SE projections as well. Hence, today’s profit numbers and management’s full-year guidance was no surprise.
Porsche SE’s net profit was €2.67bn (vs. €2.14bn in 9M17) and the at-equity contribution from VW was €2.74bn (€2.20bn last year). The gap, i.e. the loss from the consolidated activities and the holding company’s operating expenses, was €70m this year compared to €60m last year.
Management expects the full- ....