Porsche Automobil Holding SE, DE000PAH0038

Porsche Automobil Holding SE / DE000PAH0038

09.07.2024 - 19:23:00

Porsche Automobil Holding SE: Adjustment of the forecast for the group result after tax 2024

EQS-Ad-hoc: Porsche Automobil Holding SE / Key word(s): Change in Forecast

09-Jul-2024 / 19:23 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Volkswagen AG, Wolfsburg, today announced that it is updating its forecast for the financial year 2024. Accordingly, Volkswagen AG now expects an operating return on sales of 6.5% to 7.0% for the full year 2024 (previously: 7.0% to 7.5%).

Due to its equity investment in Volkswagen AG of around 31.9%, the group result after tax of Porsche Automobil Holding SE (Porsche SE) is significantly influenced by the at equity result attributable to Porsche SE and, thus by the group result after tax at the level of Volkswagen.

As a result, Porsche SE is adjusting its earnings forecast accordingly. For the financial year 2024, the group result after tax of Porsche SE is now to be expected in a range of 3.5 billion euros to 5.5 billion euros. Previously, the forecast for the group result after tax was between 3.8 billion euros and 5.8 billion euros.

The adjustment of the earnings forecast has no impact on the liquidity of Porsche SE. Therefore, Porsche SE Group confirms the existing forecast for net debt in the range of 5.0 billion euros and 5.5 billion euros.

Karsten Hoeldtke
Head of Investor Relations

End of Inside Information

09-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Porsche Automobil Holding SE
Porscheplatz 1
70435 Stuttgart
Phone: +49 (0)711 911-11023
Fax: +49 (0)711 911-11819
E-mail: InvestorRelations@porsche-se.com
Internet: www.porsche-se.com
ISIN: DE000PAH0038, XS2615940215 , XS2643320018, XS2643320109, XS2802891833, XS2802892054
Indices: DAX
Listed: Regulated Market in Berlin, Frankfurt (General Standard), Munich, Stuttgart; Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID: 1942701

End of Announcement EQS News Service

1942701  09-Jul-2024 CET/CEST
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