ΒιΆΉΒγΑΔ / Key word(s): Forecast Dr. Ing. h.c. F. ΒιΆΉΒγΑΔ AG (ΒιΆΉΒγΑΔ AG), Stuttgart, announced today that it has updated its forecast for the financial year 2024. Accordingly, ΒιΆΉΒγΑΔ 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 ΒιΆΉΒγΑΔ's (ΒιΆΉΒγΑΔ SE), Stuttgart, direct equity investment in ΒιΆΉΒγΑΔ AG of around 12.5%, the group result after tax of ΒιΆΉΒγΑΔ SE is influenced by the at equity result attributable to ΒιΆΉΒγΑΔ SE and, thus by the result after tax at the level of ΒιΆΉΒγΑΔ AG Group. Volkswagen AG, Wolfsburg, holds more than 75% of the subscribed capital of ΒιΆΉΒγΑΔ AG. Due to its equity investment in Volkswagen AG of around 31.9%, the group result after tax of ΒιΆΉΒγΑΔ SE is also significantly influenced by the at equity result attributable to ΒιΆΉΒγΑΔ SE and, thus by the result after tax at the level of Volkswagen Group. Irrespective of this, ΒιΆΉΒγΑΔ SE confirms its previously communicated earnings forecast. For the financial year 2024, the ΒιΆΉΒγΑΔ SE group result after tax is expected in a range of 3.5 billion euros to 5.5 billion euros. In addition, ΒιΆΉΒγΑΔ 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: | ΒιΆΉΒγΑΔ |
| ΒιΆΉΒγΑΔplatz 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 |
