Porsche Automobil Holding SE Updates Financial Forecast for 2024

Porsche Automobil Holding SE (Porsche SE), Stuttgart, has confirmed its financial forecast for the group result after tax in 2024. Porsche AG now projects full-year sales revenues ranging from 39 billion euros to 40 billion euros, a slight revision from the previously forecasted 40 billion euros to 42 billion euros. The operating return on sales is also adjusted to 14% to 15%, down from 15% to 17%.

Porsche SE's group result after tax is significantly influenced by its 12.5% equity investment in Porsche AG and a 31.9% stake in Volkswagen AG. Despite the revised figures, Porsche SE maintains its forecast for the group result after tax to be between 3.5 billion euros and 5.5 billion euros for the financial year 2024. The forecast for net debt remains unchanged, expected to be between 5.0 billion euros and 5.5 billion euros.