XTRA:PAH3Auto
Porsche Automobil Holding Loss And Volkswagen Impairment Put Strategy Under Review
Porsche Automobil Holding (XTRA:PAH3) has reported a first quarter net loss driven by a major non cash impairment on its Volkswagen stake.
The company also recorded a double digit decline in adjusted profit alongside the impairment.
The Chairman has signalled that core investments may need a realigned business model, pointing to a possible overhaul of how capital is deployed.
Porsche Automobil Holding is primarily an investment holding company with a major position in Volkswagen, so any...