Porsche Automobil Holding SE / Half Year Results
04.03.2008
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Stuttgart. Porsche Automobil Holding SE, Stuttgart is still going strong.
In the first six months of the current financial year 2007/08 (August 1,
2007 to January 31, 2008), a pretax Group profit of 1.658 billion Euros was
achieved. The prior year result on a comparable basis was 1.341 billion
Euros. This includes the proportional VW result for the fourth quarter of
2006 of about 272 million Euros and it is adjusted for the one-off effect
of the revaluation of VW stake that resulted in an appreciation of 521
million Euros. Calculated on a comparable basis the Group result after
taxes increased from 0.897 billion Euros in the previous period to 1.295
billion Euros in the reporting period.
Operating result before taxes grew in line with the increase in the
turnover and sales figures. Turnover grew by 14 percent to 3.49 (prior
year: 3.07) billion Euros and sales reached 46,736 vehicles versus 39,265
units in the comparable period for the prior year.
However, the reporting period was once again affected by special factors,
first and foremost the contribution to the result provided by hedging
transactions in connection with the acquisition of VW shares. This rose
from 791 million Euros to 850 million Euros. In line with the 22.5 percent
holding in VW's equity, the VW result attributable to Porsche reached 484
million Euros versus the prior year figure of 275 million Euros. The prior
year figure was revised and increased by the proportional VW result for the
fourth quarter of 2006 so as to ensure comparability.
DGAP 04.03.2008
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Language: English
Issuer: Porsche Automobil Holding SE
Porscheplatz 1
70435 Stuttgart
Deutschland
Phone: +49 (0)711 911-11000
Fax: +49 (0)711 911-26375
E-mail: info@porsche.de
Internet: www.porsche-se.com
ISIN: DE0006937733
WKN: 693773
Listed: Regulierter Markt in Berlin, Frankfurt (General Standard),
München, Stuttgart; Freiverkehr in Hannover, Hamburg,
Düsseldorf; Terminbörse EUREX
End of News DGAP News-Service
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DGAP-Adhoc: Porsche Automobil Holding SE: Group still going strong
| Source: EQS Group AG