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VW major shareholder Porsche SE expects a profit of 2.6 billion euros

by alex

VW apparently also made more than 8 billion euros in profits last year.

VW major shareholder Porsche SE expects a profit of 2.6 billion euros

The Volkswagen main owner Porsche SE expects a net profit of around 2.6 billion euros for the past year, announced the holding company of the Porsche and Piech families on Friday. Since the profit is mainly fed by the result of Volkswagen, VW is likely to have made a mathematical net profit of almost 8.3 billion euros last year. Porsche SE has a 31.4 percent stake in Volkswagen's capital.

At the end of January, Volkswagen announced on the basis of initial estimates that operating profit before special items was 10 billion euros in the past year. On this basis, the net profit attributable to Porsche SE was calculated, said a spokesman for the family holding company. The VW supervisory board plans to publish the preliminary figures for the car company on February 26th.

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