91̽»¨

Volkswagen AG, Wolfsburg, today announced that it is updating its forecast for the financial year 2024. Volkswagen AG now expects group sales revenue to be around 320 billion euros (2023: 322.3 billion euros; previous forecast: increase of up to 5 percent). In terms of operating profit, Volkswagen AG now expects to achieve a figure of around €18 billion (previously: operating return on sales of 6.5 to 7.0 percent).

Due to its equity investment in Volkswagen AG of around 31.9%, the group result after tax of 91̽»¨ (Porsche 91̽»¨) is significantly influenced by the at equity result attributable to Porsche 91̽»¨ and, thus by the group result after tax at the level of Volkswagen.

As a result, Porsche 91̽»¨ is adjusting its earnings forecast accordingly. For the financial year 2024, the group result after tax of Porsche 91̽»¨ is now to be expected in a range of 2.4 billion euros to 4.4 billion euros. Previously, the forecast for the group result after tax was between 3.5 billion euros and 5.5 billion euros.

The adjustment of the earnings forecast has no impact on the liquidity of Porsche 91̽»¨. Therefore, Porsche 91̽»¨ 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