In Stuttgart this morning Porsche Automobil Holding SE (Porsche SE) said fiscal year 2020 profit is projected at ~€2.6 billion based on current data. The group result after tax of Porsche SE is influenced significantly by Porsche’s equityportion from its capital stake in Volkswagen AG of currently about 31.4%, and thus by the group result after tax of Volkswagen AG.
Aside from the operating result, the group result after tax of Volkswagen AG includes additional components such as for example the financial result and taxes on income. On 22 January 2021 Volkswagen AG announced it expects for Volkswagen Group an operating result before special items related to diesel of around €10 billion for the fiscal year 2020. (see AutoInformed.com on Volkswagen Group Debuts Investment Plan for 2020-2024, Volkswagen Debuts 34 New Models Worldwide in 2020, Volkswagen Group Posts 2019 Profit Despite Diesel Charges)
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Stuttgart, 14 June 2021. The 2021 annual general meeting of Porsche Automobil Holding SE (Porsche SE), Stuttgart, will take place on 23 July 2021. In light of the ongoing uncertainty regarding the limitation of the number of participants in connection with the Covid-19 pandemic, it will be held virtually. The invitation to the annual general meeting will be sent through the usual channels by the legally prescribed deadlines.
The dividend proposal for the fiscal year 2020 published in March this year remains unchanged. The board of management and supervisory board of Porsche SE propose an unchanged dividend compared to the prior year of 2.21 euro per preference share and 2.204 euro per ordinary share. This corresponds to a payout of 676 million euro. The annual general meeting will decide on the dividend.