Porsche Automobil Holding SE reported earnings results for the first quarter of 2013. For the quarter, the company achieved a profit after tax of EUR 601 million in the first quarter of 2013, mainly as a result of the profit from investments accounted for at equity. In the reporting period, this profit only contains the profit contribution of the Volkswagen group attributable to Porsche SE. In the first three months of the fiscal year 2013, the financial result came to EUR 10 million. In the fiscal year 2013, the consolidated profit/loss will be largely dependent on the profit/loss of the Volkswagen group accounted for at equity that is attributable to Porsche SE. In view of the Volkswagen group’s expectations regarding future developments in the current fiscal year, the company continues to expect a profit from investments accounted for at equity and thus an overall profit after tax at group level in the low single-digit billion-euro range.

PORSCHE, already facing lawsuits seeking a combined EUR 4 billion linked to the company aborted takeover of Volkswagen, was sued by 25 more hedge funds in Germany. The plaintiffs - including Viking Global Equities, Glenhill Capital and David Einhorn's Greenlight Capital - are seeking EUR 1.4 billion. At the beginning of the year, hedge funds agreed not to pursue further appeals in New York and Porsche granted them a 90-day period to sue in Germany instead.

Porsche Automobil Holding SE announced that they will report 5 months, period ending May 13, 2013 interim management statement on May 14, 2013