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ߣ¹ÜÍøÕ¾: Forecast for group result after tax 2023

ߣ¹ÜÍøÕ¾ / Key word(s): Forecast/Annual Results
ߣ¹ÜÍøÕ¾: 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, ߣ¹ÜÍøÕ¾ (Porsche ߣ¹ÜÍøÕ¾), Stuttgart, confirms its previously communicated earnings forecast. For the fiscal year 2023, the Porsche ߣ¹ÜÍøÕ¾ 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 ߣ¹ÜÍøÕ¾ is significantly influenced by the at equity result attributable to Porsche ߣ¹ÜÍøÕ¾ and, thus by the group result after tax at the level of Volkswagen.






Contact:
Karsten Hoeldtke
Head of Investor Relations
+49-711-911-11023
karsten.hoeldtke@porsche-se.com


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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