The German company Porsche managed to make huge profits in the period from January to June 2022, thanks to its shares in Volkswagen, which in turn achieved huge sales in the first half of this year, as profits amounted to 3,24 thousand euros. millions of euros. .
The holding company "Porsche Automobile Holdings SE", whose abbreviation is "BSE", announced in a press release that it has achieved an increase in its profits, during the first half of this year 2022, thanks to the increase in profits of the 'German company Volkswagen, in which it holds a majority stake.
The German company said its after-tax profits reached 3.24 billion euros in the January-June period, an increase of around 31% year-on-year compared to the same period in 2021. results reach after tax for the entire current year, between 4.1 and 6.1 billion euros.
It should be noted that the vast majority of Porsche Holding's business activity depends on the development of the Volkswagen company, since the Porsche and Beech families, which own Volkswagen in Porsche SE, have combined their stakes in the European car giant Volkswagen, and Porsche Holding holds 53.3% of the voting rights and 31.9% of Volkswagen's capital.
Porsche Holding made a profit of 3.1 billion euros in the first half of this year, compared to 2.51 billion euros in the same period last year, thanks to its shares in Volkswagen, which announced a 27% increase in Shareholder profits halved As of the first of this year, these profits totaled 10.30 billion euros.