The VW parent company Porsche Automobil Holding SE (PSE) also earned more in the first half of the year thanks to rising profits at VW.

After taxes, the result was 3.24 billion euros, as the Dax group announced on Monday in Stuttgart.

That is around 31 percent more than a year earlier.

For the year as a whole, the company continues to anticipate post-tax earnings of EUR 4.1 to 6.1 billion.

The main business of the Stuttgart holding company, in which the VW-owning families Porsche and Piëch have bundled their shares in the Wolfsburg car giant, is the performance of Volkswagen.

Porsche SE holds 53.3 percent of the voting rights and 31.9 percent of the capital in VW.

Through these shares, the Stuttgart-based company posted earnings of 3.10 billion euros in the first six months, after 2.51 billion a year ago.

VW had last week reported a 27 percent increase in profit attributable to shareholders to 10.30 billion euros for the first six months.

problems in leadership

The families want to regain direct influence on the sports car manufacturer through a planned IPO of Porsche AG, which has so far been fully under the Wolfsburg group umbrella.

25 percent plus one share of the original shares are to go to Porsche SE in the transaction.

Up to 25 percent of the preference shares to be issued are also to be placed on the market.

In the meantime, the PSE supervisory board has decided to use the VW preferred shares acquired a few months ago to finance the possible purchase of shares in Porsche AG, as can be seen from the semi-annual report.

It is about up to 2.7 million preferred shares from Volkswagen, which are to be made into money after an IPO at the earliest.

The PSE bought the shares in the spring for 400 million euros, thereby increasing its stake in VW by half a percent.

The 2.7 million shares would currently be worth around 390 million euros.

For the envisaged deal, however, PSE would need significantly more funds: Analysts estimate the value of an independent Porsche AG in a normal market environment at around 80 billion euros.

Recently, however, analysts and experts have complained about problems in corporate management after Porsche AG boss Oliver Blume is to take over the role of CEO in the Wolfsburg-based VW group from September.

As reported by the Bloomberg news agency, citing informed people, the planners of the Porsche stock market listing are looking for financially strong anchor shareholders among state investment companies from the Arabian Gulf, for example in Abu Dhabi and Saudi Arabia.

With the IPO, the value of the yield pearl in the VW Group should finally come into its own on the capital market - strongly fluctuating markets like recently and concerns about transparency in corporate management are considered disruptive fire.

The project has not yet been finally decided, so far a listing in the fourth quarter of 2022 is planned.