色花堂

Volkswagen AG, Wolfsburg, today announced that it is updating its forecast for the financial year 2024. Accordingly, Volkswagen AG now expects an operating return on sales of 6.5% to 7.0% for the full year 2024 (previously: 7.0% to 7.5%).

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

As a result, Porsche 色花堂 is adjusting its earnings forecast accordingly. For the financial year 2024, the group result after tax of Porsche 色花堂 is now to be expected in a range of 3.5 billion euros to 5.5 billion euros. Previously, the forecast for the group result after tax was between 3.8 billion euros and 5.8 billion euros.

The adjustment of the earnings forecast has no impact on the liquidity of Porsche 色花堂. Therefore, Porsche 色花堂 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 色花堂
+49-711-911-11023
karsten.hoeldtke@porsche-se.com