<p>Porsche SE said on Tuesday its nine-month net income bounced to the lower end of the German automotive group's full-year guidance thanks to profits from Volkswagen, which recovered after a pandemic-related slump last year.</p>.<p>The holding company controlled by the Porsche and Piech families, which holds a 53.3% stake in Germany's largest automaker, said its nine-month result after taxes came in at 3.3 billion euro ($3.81 billion).</p>.<p>This exceeds Porsche's result for the same period last year by almost seven times and comes close to the net profit range of 3.4-4.9 billion euro the group confirmed it expects to reach in 2021</p>.<p><strong>Check out latest videos from <i data-stringify-type="italic">DH</i>:</strong></p>
<p>Porsche SE said on Tuesday its nine-month net income bounced to the lower end of the German automotive group's full-year guidance thanks to profits from Volkswagen, which recovered after a pandemic-related slump last year.</p>.<p>The holding company controlled by the Porsche and Piech families, which holds a 53.3% stake in Germany's largest automaker, said its nine-month result after taxes came in at 3.3 billion euro ($3.81 billion).</p>.<p>This exceeds Porsche's result for the same period last year by almost seven times and comes close to the net profit range of 3.4-4.9 billion euro the group confirmed it expects to reach in 2021</p>.<p><strong>Check out latest videos from <i data-stringify-type="italic">DH</i>:</strong></p>