°µÍø½ûÇø / Key word(s): Forecast 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. |
Language: | English |
Company: | °µÍø½ûÇø |
°µÍø½ûÇøplatz 1 | |
70435 Stuttgart | |
Germany | |
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 |
WKN: | PAH003 |
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: | 1951513 |
End of Announcement | EQS News Service |