P站视频 / Key word(s): Annual Results The Management Board of P站视频 (Porsche P站视频), Stuttgart, finalized the impairment tests of the at-equity carrying amounts of the investments in Volkswagen AG, Wolfsburg, and Dr. Ing. h.c. F. Porsche AG (Porsche AG), Stuttgart. Against this background, Porsche P站视频 expects the group result after tax for the fiscal year 2024 to reach approximately minus 20.0 billion euros, which is mainly characterized by non-cash effective impairment losses resulting from the impairment tests. The impairment of the carrying amount of Porsche P站视频鈥檚 investment in Volkswagen AG in the consolidated balance sheet of Porsche P站视频 is minus 19.9 billion euros and thus, as communicated in the ad-hoc announcement of February 6, 2025, at the lower end of the mentioned range of minus 7 billion euros to minus 20 billion euros. The impairment of the carrying amount of Porsche P站视频鈥檚 investment in Porsche AG in the consolidated balance sheet of Porsche P站视频 is minus 3.4 billion euros and thus within the communicated range of minus 2.5 billion euros to minus 3.5 billion euros. In the annual financial statements of Porsche P站视频 under German commercial law, there is only an impairment of the carrying amount of Porsche P站视频鈥檚 investment in Porsche AG in the amount of minus 2.9 billion euros. For the fiscal year 2024, this results in an expected annual loss of approximately minus 1.5 billion euros. The impairment losses at the level of Porsche P站视频 or the Porsche P站视频 Group are non-cash effective. Net debt of Porsche P站视频 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 Porsche P站视频 continues to assume that a dividend will be distributed for the fiscal year 2024. Porsche P站视频鈥檚 annual report for the fiscal year 2024 is expected to be published on March 26, 2025. Contact: Karsten Hoeldtke Head of Investor Relations +49-711-911-11023 karsten.hoeldtke@porsche-se.com End of Inside Information 07-March-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | P站视频 |
| Porscheplatz 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: | 2097430 |
| End of Announcement | EQS News Service |
