Porsche SE Reports EUR2.78B Nine-Month Loss and Urges Faster Cost Cuts
Porsche SE reported a nine-month group loss after tax of EUR2.78 billion, compared with a EUR1.24 billion profit a year earlier. Its adjusted group result after tax was EUR930 million versus EUR1.59 billion, and net debt stood at EUR5.1 billion at the end of the third quarter.
(07:00 GMT) *Porsche SE 9-Mos Adjusted Group Result After Tax EUR930M Vs EUR1.59B (07:00 GMT) *Porsche SE 9-Mos Group Loss After Tax EUR2.78B Vs Profit EUR1.24B (07:00 GMT) *Porsche SE Net Debt Ended 3Q at EUR5.1B (07:01 GMT) *Porsche SE: Volkswagen Group's Results Clearly Show Agreed Measures Must…