The consequences of VW-exhaust scandal also burden the major shareholder Porsche. The consolidated result of Porsche SE 
in the first half of the year with 980 million euros more than 40 percent below the half-year results of the previous year. Nevertheless let controlled by the Porsche and Piëch families Holding the forecast for the full year are made: The consolidated result after tax would from 1.4 to 2.4 billion euros are, after a loss of 273 million euros last year
<. p> the financial Holding was created in the course of the takeover struggle between VW and Porsche and controls about 52.2 percent of the voting rights of Europe’s largest carmaker. The sports car maker Porsche is in turn a subsidiary of VW.
The family company of the Porsche and Piëch keeps fully committed to its role as an anchor shareholder of VW. You should “continue to believe the upside potential of the VW Group,” it said in the annual report. In six months of additional provisions depressed by EUR 1.6 billion to the result of the VW group, previously VW had 16.4 billion euros for costs incurred as a result of the scandal, returned. This is also sensed the Porsche SE.
With the aim to collect further investments, VW’s major shareholder has been stalled, however. “New investment opportunities are tested continuously,” it says in the annual report of the company. Holding the objective is actually to invest their money “along the automotive value chain” and so to act as automobile holding company. So far, the Porsche SE but involved only the traffic data service Inrix. Volkswagen is therefore still responsible for the majority of the profit of the holding company.
The reserves of Porsche SE shrink – this is also due to the dividend payout to shareholders by the Piëch and Porsche families. 308 million euros flowed from the payout. Last year there were more than 600 million euros. Net liquidity declined from 1.70 billion euros late last year to 1.32 billion euros in late June.
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