Porsche, for the Holding lack of 20 billion: the changes on the automotive manufacturers weigh | EUROtoday

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Porsche if holding, which holds the participations within the Volkswagen automotive teams and in Porsche AG, reported a internet lack of 20 billion euros in 2024 because of the impression of the devaluations, equal to -19.9 billion as regards the funding within the Wolfsburg home and -3.4 billion for Porsche for the rectifications, the impacts on the liquidity and debt of the group which on the finish of December quantities to five.2 billion (5.7 billion on the finish of 2023). In 2023 Holding had recorded a revenue of 5.1 billion.

Net of the consequences of the changes, the group generated a constructive adjusted end result constructive for 3.2 billion euros (5.1 billion final yr). “Our main investments responded decisively to the challenges of the automotive industry by launching strong programs – said Hans Dieter Poetsch, president of Porsche if – we believe that their targeted implementation offers a significant potential to increase the value of our main investments and Porsche if. We will continue to systematically pursue our investment and diversification strategy ».

The reduced coupon

The Management Council and the Supervisory Board will propose to the shareholders the 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.