°µÍø½ûÇø / Key word(s): Forecast Dr. Ing. h.c. F. °µÍø½ûÇø AG (°µÍø½ûÇø AG), Stuttgart, announced today preliminary figures for the financial year 2024 and key figures for the financial year 2025. Against this background, the Management Board of °µÍø½ûÇø (°µÍø½ûÇø SE) has updated its assumptions previously used in the preliminary valuation models (see ad-hoc announcement from °µÍø½ûÇø SE dated December 13, 2024) regarding the future economic development of °µÍø½ûÇø AG. Based on preliminary assessments, °µÍø½ûÇø SE now assumes the expected impairment of the carrying amount of the investment in °µÍø½ûÇø AG in the expected range from minus 2.5 billion euros to minus 3.5 billion euros (previously: minus 1 billion euros to minus 2 billion euros) in the consolidated balance sheet of °µÍø½ûÇø SE. As a result of the changes at °µÍø½ûÇø AG, it is also anticipated that the expected impairment of the carrying amount of °µÍø½ûÇø SE's investment in Volkswagen AG in the consolidated balance sheet of °µÍø½ûÇø SE, while maintaining the previous range of minus 7 billion euros to minus 20 billion euros, will rather tend towards the lower end of the range of minus 20 billion euros. A finalization of the impairment tests of °µÍø½ûÇø SE can take place at the earliest upon the preparation of the annual and consolidated financial statements of Volkswagen AG and °µÍø½ûÇø AG. The expected impairment loss in the consolidated financial statements of °µÍø½ûÇø SE in relation to °µÍø½ûÇø AG will also have an impact on the annual financial statements of °µÍø½ûÇø SE under German commercial law, however to a lower extent. The expected impairment losses at the level of °µÍø½ûÇø SE or the °µÍø½ûÇø SE Group will not have a cash effect. Net debt of °µÍø½ûÇø SE Group as of December 31, 2024 is expected to amount to roughly 5.2 billion euros, thus remaining within the projected range. The Management Board of °µÍø½ûÇø SE continues to assume that a dividend will be distributed for the 2024 financial year. Contact: Karsten Hoeldtke Head of Investor Relations +49-711-911-11023 karsten.hoeldtke@porsche-se.com End of Inside Information 06-Feb-2025 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: | 2082855 |
End of Announcement | EQS News Service |