Porsche got 500 mln eur from VW stake hedge-source

Newswire

STUTTGART, Germany, Jan 26 (Reuters) - Porsche booked around 500 million euros ($649.4 million) in pre-tax income in its fiscal first half from hedging gains on its stake in Volkswagen , a source familiar with the matter said on Friday. The company had earlier said in a statement the hedging gain contributed a sum in the triple-digit millions of euros. Porsche said its underlying profit before tax in the first half had improved even excluding the impact of its 27.4 percent VW stake.

Premium Content (PAID Subscription Required)

"Porsche got 500 mln eur from VW stake hedge-source" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642
 

Current subscribers, please login or CLICK for support information.

Already registered? here.
Insights

Dec 6, 2016
Video
WardsAuto

2017 Wards 10 Best Engines: Falling in Love With 6-Cyl. Turbos

BMW and Ford each have two stout turbo-6s in the hunt this year, while Infiniti has one. All five are smooth, extremely refined, reasonably fuel-efficient and dishing up loads of horsepower and torque....More

Newswire

BMW Ordered to Pay A$77 Million in Australia Lending Case  

The Australian Securities & Investment Commission says the German automaker will compensate at least 15,000 consumers who may have suffered financial distress because of loans granted by BMW Australia Finance....More

Enewsletters

Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×