Porsche, a 20 billion record loss for holding: weigh the devaluations of the Volkswagen and Porsche AG brands
For the Holding net loss of 20 billion euros due to the impact of the devaluations: -19.9 billion as regards the investment in the house of Wolfsburg and -3.4 billion for Porsche AG
Red in the Porsche house. Holding, which holds the participations in Volkswagen and Porsche AG car groups, reported one in 2024 net loss of 20 billion euros due to the impact of devaluations, equal to -19.9 billion regarding the investment in the house of Wolfsburg and -3.4 billion for Porsche Ag.
Debt
The adjustments, specifies the note, have no impacts on the liquidity and indebtedness of the group which at the end of December amounts to 5.2 billion (5.7 billion at the end of 2023). In 2023 Holding had recorded a profit of 5.1 billion. Net of the effects of the adjustments, the group generated a positive adjusted result positive for 3.2 billion euros (5.1 billion last year).
« Our main investments responded decisive to the challenges of the automotive industry by launching strong programs – he said Hans Dieter Poetsch, president of Porsche if – We believe that their targeted implementation offers significant potential to increase the value of our investments. We will continue to systematically pursue our investment and diversification strategy ».
The dividend to shareholders
The Management Council and the Supervisory Board will propose the shareholders Distribution of a dividend of 1.91 euros for each privileged shares (2.56 last year) and 1,904 for each ordinary action (2,554) for a total amount of 584 million. The decision to reduce the coupon is linked to the perspective of smaller flows of dividends arriving from Volkswagen. For 2025 Holding expects a clear result between 2.4 and 4.4 billion euros and a net debt between 4.9 and 5.4 billion.
