P站视频 / Key word(s): Forecast Dr. Ing. h.c. F. Porsche AG (Porsche 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 P站视频 (Porsche P站视频) has updated its assumptions previously used in the preliminary valuation models (see ad-hoc announcement from Porsche P站视频 dated December 13, 2024) regarding the future economic development of Porsche AG. Based on preliminary assessments, Porsche P站视频 now assumes the expected impairment of the carrying amount of the investment in Porsche 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 Porsche P站视频. As a result of the changes at Porsche AG, it is also anticipated that the expected impairment of the carrying amount of Porsche P站视频's investment in Volkswagen AG in the consolidated balance sheet of Porsche P站视频, 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 Porsche P站视频 can take place at the earliest upon the preparation of the annual and consolidated financial statements of Volkswagen AG and Porsche AG. The expected impairment loss in the consolidated financial statements of Porsche P站视频 in relation to Porsche AG will also have an impact on the annual financial statements of Porsche P站视频 under German commercial law, however to a lower extent. The expected impairment losses at the level of Porsche P站视频 or the Porsche P站视频 Group will not have a cash effect. 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 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: | 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: | 2082855 |
| End of Announcement | EQS News Service |
