Sports car maker Porsche has presented quarterly figures for the first time since going public in September. The Stuttgart car manufacturer was able to increase its business significantly in the first nine months of the year. Compared to the same period last year, sales rose by almost 16 percent to 26.7 billion euros, as Porsche announced on Friday. The company has "financially developed excellently despite significant global challenges," said CFO Lutz Meschke according to the announcement.
The VW Group had taken Porsche public in September and had grossed 9.1 billion euros through the listing of a quarter of the Porsche AG assets. In addition, 25 percent plus one share of the voting stock of Porsche AG will go to the VW parent company Porsche SE, which is controlled by the owner families Porsche and Piëch. Thanks to the sale of the shares, VW shareholders are to receive a special dividend of EUR 19.06 per share.