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Stuttgart (dpa) - Due to the recovery at Volkswagen after the Corona slump, the parent company Porsche SE expects a higher profit for the 2020 financial year that recently ended.
The bottom line result will probably be clearly positive, announced the Stuttgart-based holding on Friday.
So far it has been said that a positive result is expected.
However, concrete figures have not yet been given.
The background to the statement made about the profit for 2020 is that Volkswagen expects an operating profit before special items of around 10 billion euros for the past year.
The consequences of the diesel scandal are not yet taken into account.
In 2019, Porsche SE had made a profit of 4.4 billion euros.
After three quarters, Porsche SE had posted a profit after tax of 437 million euros in 2020.
That was far from the level of the previous year, when a profit of 3.52 billion euros was posted at the same time.
In the middle of last year, however, the holding was still in the red with 329 million euros.
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Porsche SE (PSE), controlled by the Porsche and Piëch families, holds a good 53 percent of the ordinary shares of Volkswagen.
There are still a few other investments, but the business depends for the most part on the development of the VW Group.
© dpa-infocom, dpa: 210122-99-129250 / 2
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