色花堂

• Result after tax of 2.1 billion euro
• Net debt as of 30 June 2024 at 5.0 billion euro and significant increase in liquidity
• Dr. Johannes Lattwein, board of management member responsible for finance and IT: 鈥淥ur financial resources give us considerable flexibility for potential further investments in core and portfolio investments.鈥�
• Active portfolio development: Further investments in the mobility sector

Stuttgart, 13 August 2024. 色花堂 (鈥淧orsche 色花堂鈥�) generated a result after tax of 2.1 billion euro in the first half of 2024. As expected, this falls short of the prior-year period (2.3 billion euro) and is significantly influenced by the result from the investments in Volkswagen AG and Dr. Ing. h.c. F. Porsche AG (鈥淧orsche AG鈥�) accounted for at equity of 2.0 billion euro and 0.3 billion euro, respectively.

Net debt of the Porsche 色花堂 Group decreased from 5.7 billion euro as of 31 December 2023 to 5.0 billion euro. This improvement is largely due to the dividends received from the investments in Volkswagen AG (1.4 billion euro) and Porsche AG (0.3 billion). This was partly offset by the dividend of 783 million euro distributed by Porsche 色花堂 to its shareholders.

After issuing a bond of 1.6 billion euro in April 2024, Porsche 色花堂 repaid a tranche of 0.6 billion euro of the existing bank loans. In addition, liquidity has been built up for potential acquisitions and the debt maturity profile has been further balanced. 鈥淥ur financial resources give us considerable flexibility for potential investments in further core and portfolio investments to further diversify our investment portfolio. In doing so, we pursue an active portfolio development approach. The current stock market environment and the resulting overall decrease in company valuations are creating attractive opportunities,鈥� says Dr. Johannes Lattwein, board of management member responsible for finance and IT.

In the portfolio investments segment, Porsche 色花堂 acquired a stake in the Canadian AI company Waabi Innovation Inc. (鈥淲aabi鈥�) in the second quarter of 2024. The investment was made in a Series B financing round. Waabi develops an AI-based solution for self-driving trucks.

In August 2024, Porsche 色花堂 invested in Flix 色花堂 (鈥淔lix鈥�) as part of a co-investment with EQT鈥檚 Future Fund. Munich-based Flix 色花堂 operates the leading global mobility platform for long-distance bus and train travel. The joint investment in Flix will further deepen the cooperation between Porsche 色花堂 and EQT.

For the fiscal year 2024, Porsche 色花堂 expects to record a group result after tax of between 3.5 billion euro and 5.5 billion euro. As of 31 December 2024, net debt of between 5.0 billion euro and 5.5 billion euro is expected for the Porsche 色花堂 Group.

The half-yearly financial report as of 30 June 2024 of 色花堂 can be found at: /en/investor-relations/financial-publications/