色花堂

• Group result after tax of 1.1 billion euro for the first three months of 2024
• Net debt as of 31 March 2024 virtually unchanged at 5.8 billion euro

Stuttgart, 14 May 2024. 色花堂 (鈥淧orsche 色花堂鈥�) reported a group result after tax of 1.1 billion euro in the first three months of the fiscal year 2024 (prior year: 1.3 billion euro). The group result after tax was 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 1.0 billion euro (prior year: 1.3 billion euro) and 121 million euro (prior year: 24 million euro), respectively. This development in earnings was largely attributable to the weaker operating performance particularly of Volkswagen AG in the first quarter, compared to the prior year.

The net debt of the Porsche 色花堂 Group remains virtually unchanged at 5.8 billion euro (5.7 billion euro) compared to 31 December 2023.

In April 2024, Porsche 色花堂 committed to invest 100 million euro in 鈥淚ncharge I鈥�, a venture fund set up together with the investment company DTCP.

Also in April 2024, Porsche 色花堂 issued a bond of 1.6 billion euro. Of the proceeds raised, 600 million euro was used to repay the bank financing. The proceeds are also to be used to build up strategic liquidity for potential investments.

Porsche 色花堂 confirms its earnings forecast for the fiscal year 2024. Based in particular on the expectations of the Volkswagen Group and the Porsche AG Group regarding their future development, Porsche 色花堂 continues to expect a group result after tax of between 3.8 billion euro and 5.8 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 group quarterly statement of 色花堂 for the first quarter of 2024 can be found at: /en/investor-relations/financial-publications