EQS-Adhoc: Porsche Automobil Holding SE: Forecast for group result after tax 2023


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EQS-Ad-hoc: Porsche Automobil Holding SE / Key word(s): Forecast/Annual Results
Porsche Automobil Holding SE: Forecast for group result after tax 2023

20-Oct-2023 / 18:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Volkswagen AG, Wolfsburg, today announced that it is updating its forecast for the fiscal year 2023. Accordingly, Volkswagen AG now expects full-year operating profit in 2023 to be in the region of the prior-year figure before special items. Operating profit in 2022 was around €22.5 billion before special items.

Irrespective of this, Porsche Automobil Holding SE (Porsche SE), Stuttgart, confirms its previously communicated earnings forecast. For the fiscal year 2023, the Porsche SE group profit after tax is expected to be in the lower half of the forecasted bandwidth.

Due to its equity investment in Volkswagen AG of around 31.9 percent, the group result after tax of Porsche SE is significantly influenced by the at equity result attributable to Porsche SE and, thus by the group result after tax at the level of Volkswagen.

Karsten Hoeldtke
Head of Investor Relations

End of Inside Information

20-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Porsche Automobil Holding SE
Porscheplatz 1
70435 Stuttgart
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
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: 1754251

End of Announcement EQS News Service

1754251  20-Oct-2023 CET/CEST

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