Picture of Porsche Automobil Holding SE logo

PAH3 Porsche Automobil Holding SE News Story

0.000.00%
de flag iconLast trade - 00:00
Consumer CyclicalsBalancedLarge CapValue Trap

Holding firm Porsche SE's first-quarter profit falls

May 13 (Reuters) - Holding firm Porsche SE PSHG_p.DE, which controls Volkswagen VOWG.DE, on Wednesday reported a 100 million euro ($117 million) drop in its first-quarter adjusted earnings after tax, which amounted to 0.4 billion euros.

"The business models that have served our core investments well for a long time now need to be realigned," the company said in a statement.

($1 = 0.8522 euros)

(Reporting by Simon Ferdinand Eibach in Gdansk, editing by Milla Nissi-Prussak)

((SimonFerdinand.Eibach@thomsonreuters.com;))

Recent news on Porsche Automobil Holding SE

See all news