°µÍø½ûÇø

°µÍø½ûÇø: Confirmation of the forecast for the group result after tax 2024

°µÍø½ûÇø: Confirmation of the forecast for the group result after tax 2024

°µÍø½ûÇø / Key word(s): Forecast
°µÍø½ûÇø: Confirmation of the forecast for the group result after tax 2024

23-Jul-2024 / 01:20 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.


Dr. Ing. h.c. F. °µÍø½ûÇø AG (°µÍø½ûÇø AG), Stuttgart, announced today that it has updated its forecast for the financial year 2024. Accordingly, °µÍø½ûÇø AG now expects sales revenues of 39 billion euros to 40 billion euros for the full year 2024 (previously: 40 billion euros to 42 billion euros) and an operating return on sales of 14% to 15% (previously: 15% to 17%).

Due to °µÍø½ûÇø's (°µÍø½ûÇø SE), Stuttgart, direct equity investment in °µÍø½ûÇø AG of around 12.5%, the group result after tax of °µÍø½ûÇø SE is influenced by the at equity result attributable to °µÍø½ûÇø SE and, thus by the result after tax at the level of °µÍø½ûÇø AG Group.

Volkswagen AG, Wolfsburg, holds more than 75% of the subscribed capital of °µÍø½ûÇø AG. Due to its equity investment in Volkswagen AG of around 31.9%, the group result after tax of °µÍø½ûÇø SE is also significantly influenced by the at equity result attributable to °µÍø½ûÇø SE and, thus by the result after tax at the level of Volkswagen Group.

Irrespective of this, °µÍø½ûÇø SE confirms its previously communicated earnings forecast. For the financial year 2024, the °µÍø½ûÇø SE group result after tax is expected in a range of 3.5 billion euros to 5.5 billion euros. In addition, °µÍø½ûÇø SE Group confirms the existing forecast for net debt in the range of 5.0 billion euros and 5.5 billion euros.



Contact:
Karsten Hoeldtke
Head of Investor Relations
+49-711-911-11023
karsten.hoeldtke@porsche-se.com


End of Inside Information

23-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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