Electric car from VW
An electric vehicle from VW stands on a new climate roller test bench at the Lower Saxony Research Center for Vehicle Technology (NFF).
(Photo: dpa)
The main owner, Porsche SE, has slightly increased its capital stake in Volkswagen. The share in the subscribed capital of Europe’s largest car company is now 31.9 (previously 31.4) percent, the family holding announced on Tuesday. The purchase of preferred shares with a volume of around 400 million euros underscores Porsche SE’s strong commitment to Volkswagen. The share of voting rights remains unchanged at 53.3 percent.
The management confirmed the outlook for the current year. Accordingly, in view of the uncertainty caused by the Ukraine war, Porsche SE considers both a decline and a significant increase in profit to be possible in 2022. With a net profit of between 4.1 billion euros and 6.1 billion euros, the forecast range is particularly wide this time. In the first quarter, net income, which is mainly due to the stake in Volkswagen, almost doubled to EUR 2.1 billion (previous year: EUR 995 million).
More: Formerly a trump card, now a ballast: China is becoming a balance sheet risk for VW
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