Stuttgart, 27 June 2025. ߣ����վ (Porsche ߣ����վ) has successfully placed a Schuldschein loan with a total volume of EUR 1.5 billion.

The Schuldschein loan comprises tranches with maturities of three, five, and seven years, offered with both fixed and floating interest rates. Porsche ߣ����վ recorded very strong demand and a stable investor base during the placement process. Despite the current challenging geopolitical and economic environment, the target volume was significantly exceeded – more than doubling the initial marketing volume. In particular, longer-dated tranches with maturities of five years or more saw exceptionally high demand, accounting for EUR 1.3 billion. The interest rates for the Schuldschein were set at the lower end of the marketing range.

“With the successful placement of the Schuldschein loan, we are strengthening Porsche ߣ����վ’s financial flexibility and resilience over the long term. We are proud of the strong vote of confidence shown by investors,” said Dr. Johannes Lattwein, member of the board of management responsible for Finance and IT. “The proceeds will be used in full to refinance existing financial liabilities. In addition, we will in part apply our available liquidity to the reduction of gross debt, continuing our disciplined deleveraging strategy.”

The Schuldschein loan will be used to fully repay the bank loans originally taken out in 2022 for the acquisition of ordinary shares in Porsche AG. Additionally, tranches of a Schuldschein loan issued in 2023 will be refinanced early on more favorable terms and with extended maturities. As a result, Porsche ߣ����վ’s overall maturity profile will be significantly extended and further optimized. The transaction was arranged by BNP Paribas, Deutsche Bank, LBBW as well as UniCredit.

Stuttgart, 23 May 2025. At today’s annual general meeting of ߣ����վ (“Porsche ߣ����վ”), the shareholders approved the distribution of a dividend of 1.91 euro per preference share and 1.904 euro per ordinary share for the fiscal year 2024. This is equivalent to a total distribution of around 584 million euro.

The members of the board of management and those of the supervisory board holding office in the fiscal year 2024 were exonerated. In addition, the shareholders approved the proposed resolutions regarding the authorization to acquire own preference shares amounting to up to 5 percent of the share capital and the creation of authorized capital amounting to 20 percent of the share capital. The resolutions provide for a five-year authorization period. 

The results of the annual general meeting’s voting will be published shortly at:
/en/investor-relations/annual-general-meeting/

The main points on the agenda of the annual general meeting are the presentation of the adopted annual financial statements and the approved consolidated financial statements, the approval of the acts of the members of the board of management and supervisory board, the election of the auditor for the fiscal year 2025 and for the review of the half-yearly financial report 2025. Other items on the agenda include the approval of the remuneration report and remuneration system for the members of the board of management as well as the resolution on the remuneration of the members of the supervisory board. 

In addition, the board of management and supervisory board will propose to the annual general meeting that the board of management be authorized to acquire own preference shares amounting to up to 5 percent of the share capital and to create authorized capital amounting to 20 percent of the share capital. The aim is to expand the range of instruments for allocating capital and to increase the scope for action accordingly. Both resolutions submitted for approval provide for a five-year authorization period.

The results of the annual general meeting’s voting will be published following the annual general meeting at: /en/investor-relations/annual-general-meeting

Stuttgart, 14 May 2025. ߣ����վ (“Porsche ߣ����վ”) generated an adjusted group result after tax of 0.5 billion euro in the first three months of the fiscal year 2025 (prior year: 1.1 billion euro). This includes the result from the investments in Volkswagen AG and Dr. Ing. h.c. F. Porsche AG (“Porsche AG”) accounted for at equity of 0.5 billion euro and 0.1 billion euro, respectively. The adjusted group result after tax of Porsche ߣ����վ is affected by the current challenges faced by its two core investments. Non-cash impairment losses on the investments in Volkswagen AG and Porsche AG are not taken into account in the adjusted group result.

Net debt of the Porsche ߣ����վ Group is within the forecast range. As expected, it increased as of 31 March 2025, largely due to investments and financing costs, to 5.3 billion euro compared to 5.2 billion euro as of 31 December 2024.

At the same time, Porsche ߣ����վ continues its path to become a diversified investment platform. “We are constantly screening promising opportunities for additional portfolio investments and potential new core investments. This involves us concentrating on, but not limiting our investment focus to, the area of mobility and industrial technology,” says Lutz Meschke, member of the board of management responsible for investment management. 

In the segment of Porsche ߣ����վ’s portfolio investments, the spaceflight start-up Isar Aerospace reached an important milestone in the first quarter of the year with the first test flight of its self-developed “Spectrum” launch vehicle. Porsche ߣ����վ also recently participated in a further financing round of Quantum Systems, a manufacturer of drones for surveillance and reconnaissance purposes.

Porsche ߣ����վ continues to anticipate an adjusted group result after tax of between 2.4 billion euro and 4.4 billion euro for the fiscal year 2025 and expects net debt to be between 4.9 billion euro and 5.4 billion euro.

The group quarterly statement of ߣ����վ for the first quarter of 2025 can be found at: /en/investor-relations/financial-publications/

ߣ����վ (“Porsche ߣ����վ”) is a holding company with investments in the areas of mobility and industrial technology. The company employs just under 50 people as of 31 December 2024 and generated an adjusted group result after tax of 3.2 billion euro in the fiscal year 2024. As core investments, Porsche ߣ����վ holds the majority of the ordinary shares in Volkswagen AG and 25% plus one share of the ordinary shares in Porsche AG. In addition, Porsche ߣ����վ acquired minority shareholdings in several technology companies in North America, Europe and Israel and invested in private equity and venture capital funds.

¹ The adjusted group result after tax and group net debt are the core performance indicators of the Porsche ߣ����վ Group. These are defined on pages 97-101 of Porsche ߣ����վ’s annual report for the fiscal year 2024. The adjusted group result after tax and group net debt are alternative performance indicators. These are not defined by IFRS. Their calculation methods may therefore differ from those of other companies.

Selected financial information

Stuttgart, 26 March 2025. The increasingly challenging economic and political conditions in the automotive industry are having an impact on ߣ����վ (“Porsche ߣ����վ”). The result after tax of the Porsche ߣ����վ Group for the fiscal year 2024 amounted to minus 20.0 billion euro (prior year: 5.1 billion euro). This was significantly influenced by non-cash impairment losses on the carrying amounts of the investments in Volkswagen AG of minus 19.9 billion euro and Dr. Ing. h.c. F. Porsche AG (“Porsche AG”) of minus 3.4 billion euro. The impairment losses recognized have no impact on the liquidity or group net debt of Porsche ߣ����վ. As of 31 December 2024, group net debt stood at 5.2 billion euro (prior year: 5.7 billion euro).

Adjusted for impairment effects on the two core investments, Porsche ߣ����վ generated a positive adjusted group result after tax of 3.2 billion euro in the past fiscal year (prior year: 5.1 billion euro). This was influenced by the result from the ongoing at equity accounting of shares in Volkswagen of 3.0 billion euro (prior year: 4.8 billion euro) and the result from the ongoing at equity accounting of shares in Porsche AG of 0.5 billion euro (prior year: 0.4 billion euro).

From Porsche ߣ����վ’s perspective, given the continued difficult economic environment, the core investments need to focus on competitiveness, profitability and the sustainable implementation of their strategic future programs. “Our core investments have responded decisively to the challenges in the automotive industry and launched strong programs. We believe that their focused implementation offers significant potential to increase value at our core investments and at Porsche ߣ����վ. We will continue to systematically pursue our investment and diversification strategy,” says Hans Dieter Pötsch, chairman of the board of management of Porsche ߣ����վ.

Porsche ߣ����վ therefore welcomes the “Zukunft Volkswagen” agreement reached at the end of 2024 to strengthen the company’s profitability as well as the measures negotiated at Porsche AG. “Now it’s all about rigorous implementation in all areas,” continues Pötsch. 

Successful expansion of portfolio investments

Porsche ߣ����վ also intends to further expand its investment activities and continue on its path to become a diversified investment platform. In the fiscal year 2024, Porsche ߣ����վ invested in Flix ߣ����վ, Waabi and Quantum Systems and set up the Incharge fund together with the asset manager DTCP. “We are continuously screening promising investment opportunities, in both the portfolio segment as well as for potential new core investments,” says Lutz Meschke, board of management member responsible for investment management. “We also have the financial capacity to make larger investments.”

Investment activities are based on sound financial management. In April 2024, Porsche ߣ����վ placed two bonds totaling 1.6 billion euro with investors, giving its financing profile an even longer timeline. The transaction was one of the largest unrated bond issues in the world up to that time. These successful refinancing measures provide the necessary financial headroom for the investment activities. 

Dr. Johannes Lattwein, board of management member responsible for finance and IT: “Porsche ߣ����վ’s financial position is very solid and its financial strength is high. This is reflected in the group net debt, which we improved by 0.5 billion euro as planned in the past fiscal year. Porsche ߣ����վ has once again demonstrated its attractiveness for investors with a record bond issue.”

Manfred Döss remains member of the board of management responsible for legal affairs and compliance for a further three years

The supervisory board of Porsche ߣ����վ has extended Manfred Döss’s appointment on the board of management for a further three years until 31 December 2028. Döss is the member of Porsche ߣ����վ’s board of management responsible for legal affairs and compliance.

“Under the leadership of Dr. Manfred Döss, Porsche ߣ����վ has achieved a number of important stage victories in recent years in the proceedings for damages still pending. We would like to thank him for his many years of service and are delighted that we will be able to count on his experience and expertise in the years to come,” said Dr. Wolfgang Porsche, chairman of the supervisory board of Porsche ߣ����վ.

Döss has been working for Porsche ߣ����վ since May 2013, initially heading the Legal department as general representative before being appointed as member of the board of management in January 2016. 

Dividend proposal for the fiscal year 2024 of 1.91 euro per preference share

The board of management and supervisory board propose a dividend for the fiscal year 2024 of 1.91 euro per preference share (prior year: 2.56 euro) and 1.904 euro per ordinary share (prior year: 2.554 euro). This is equivalent to a total distribution of around 584 million euro. The decrease in the proposed dividend compared to the prior year’s dividend is mainly due to the expected lower dividend inflow from Volkswagen AG. The annual general meeting, which takes place on 23 May 2025, will decide on the dividend proposal.

Porsche ߣ����վ anticipates an adjusted group result after tax of between 2.4 billion euro and 4.4 billion euro for the fiscal year 2025 and expects group net debt to be between 4.9 billion euro and 5.4 billion euro.

The 2024 annual report of ߣ����վ can be found at:

ߣ����վ (“Porsche ߣ����վ”) is a holding company with investments in the areas of mobility and industrial technology. The company employs just under 50 people as of 31 December 2024 and generated an adjusted group result after tax of 3.2 billion euro in the fiscal year 2024. As core investments, Porsche ߣ����վ holds the majority of the ordinary shares in Volkswagen AG and 25% plus one share of the ordinary shares in Porsche AG. In addition, Porsche ߣ����վ acquired minority shareholdings in several technology companies in North America, Europe and Israel and invested in private equity and venture capital funds.

¹ The adjusted group result after tax and group net debt are the core performance indicators of the Porsche ߣ����վ Group. These are defined on pages 97-101 of Porsche ߣ����վ’s annual report for the fiscal year 2024. The adjusted group result after tax and group net debt are alternative performance indicators. These are not defined by IFRS. Their calculation methods may therefore differ from those of other companies.

The adjusted group result in the fiscal year 2024 results from adjusting the group result after tax for expenses from impairment losses in relation to the core investments of 23.3 billion euro and offsetting tax effects of 0.1 billion euro. 

Against this background, Porsche ߣ����վ expects the group result after tax for the fiscal year 2024 to reach approximately minus 20.0 billion euros, which is mainly characterized by non-cash effective impairment losses resulting from the impairment tests.

The impairment of the carrying amount of Porsche ߣ����վ’s investment in Volkswagen AG in the consolidated balance sheet of Porsche ߣ����վ is minus 19.9 billion euros and thus, as communicated in the ad-hoc announcement of February 6, 2025, at the lower end of the mentioned range of minus 7 billion euros to minus 20 billion euros. The impairment of the carrying amount of Porsche ߣ����վ’s investment in Porsche AG in the consolidated balance sheet of Porsche ߣ����վ is minus 3.4 billion euros and thus within the communicated range of minus 2.5 billion euros to minus 3.5 billion euros.

In the annual financial statements of Porsche ߣ����վ under German commercial law, there is only an impairment of the carrying amount of Porsche ߣ����վ’s investment in Porsche AG in the amount of minus 2.9 billion euros. For the fiscal year 2024, this results in an expected annual loss of approximately minus 1.5 billion euros.

The impairment losses at the level of Porsche ߣ����վ or the Porsche ߣ����վ Group are non-cash effective. Net debt of Porsche ߣ����վ Group as of December 31, 2024 is expected to amount to roughly 5.2 billion euros, thus remaining within the projected range.

The Management Board of Porsche ߣ����վ continues to assume that a dividend will be distributed for the fiscal year 2024.

Porsche ߣ����վ’s annual report for the fiscal year 2024 is expected to be published on March 26, 2025.

Lutz Meschke, member of the board of management responsible for investment management, will push forward the activities in the portfolio segment with full commitment and further develop the investment strategy. Most recently, Meschke was responsible for investments in several growth companies, such as Flix ߣ����վ, Waabi and Quantum Systems.

The experience and expertise of Lutz Meschke and his team will continue to make a significant contribution to Porsche ߣ����վ's success on its way to becoming a diversified investment platform.

In addition to Lutz Meschke, the other members of Porsche ߣ����վ’s board of management are Hans Dieter Pötsch (chairman of the board of management), Dr. Manfred Döss (legal affairs and compliance) and Dr. Johannes Lattwein (finance and IT).

Against this background, the Management Board of ߣ����վ (Porsche ߣ����վ) has updated its assumptions previously used in the preliminary valuation models (see ad-hoc announcement from Porsche ߣ����վ dated December 13, 2024) regarding the future economic development of Porsche AG.

Based on preliminary assessments, Porsche ߣ����վ now assumes the expected impairment of the carrying amount of the investment in Porsche AG in the expected range from minus 2.5 billion euros to minus 3.5 billion euros (previously: minus 1 billion euros to minus 2 billion euros) in the consolidated balance sheet of Porsche ߣ����վ. As a result of the changes at Porsche AG, it is also anticipated that the expected impairment of the carrying amount of Porsche ߣ����վ's investment in Volkswagen AG in the consolidated balance sheet of Porsche ߣ����վ, while maintaining the previous range of minus 7 billion euros to minus 20 billion euros, will rather tend towards the lower end of the range of minus 20 billion euros.

A finalization of the impairment tests of Porsche ߣ����վ can take place at the earliest upon the preparation of the annual and consolidated financial statements of Volkswagen AG and Porsche AG.

The expected impairment loss in the consolidated financial statements of Porsche ߣ����վ in relation to Porsche AG will also have an impact on the annual financial statements of Porsche ߣ����վ under German commercial law, however to a lower extent.

The expected impairment losses at the level of Porsche ߣ����վ or the Porsche ߣ����վ Group will not have a cash effect. Net debt of Porsche ߣ����վ Group as of December 31, 2024 is expected to amount to roughly 5.2 billion euros, thus remaining within the projected range.

The Management Board of Porsche ߣ����վ continues to assume that a dividend will be distributed for the 2024 financial year.

Stuttgart, 13 December 2024: During the preparation of the financial statements as of 31 December 2024, Porsche ߣ����վ identified an expected impairment loss in the consolidated financial statements with regard to the carrying amounts of the investments in Volkswagen AG and Porsche AG. Consequently, the Board of Management expects that Porsche ߣ����վ’s group result after tax for the 2024 financial year will be significantly negative. Porsche ߣ����վ is therefore withdrawing its forecast for the group result after tax for 2024 from previously 2.4 billion euros to 4.4 billion euros. The forecast for Porsche ߣ����վ Group's net debt as of 31 December 2024 is confirmed. This is expected to be between 5.0 billion euros and 5.5 billion euros. The Board of Management of Porsche ߣ����վ continues to assume that a dividend will be distributed for the 2024 financial year. 

The expected impairment loss is not cash-effective, but purely accounting related. Porsche ߣ����վ remains in a very solid financial position and its financial strength remains high. Porsche ߣ����վ continues to support the entire Volkswagen Group in achieving its strategic goals and remains convinced of the long-term value enhancement potential of the core investments.

The background to the impairment risk is that Porsche ߣ����վ, as of now, cannot rely on a current approved plan of Volkswagen AG and Porsche AG for accounting purposes. Therefore, in particular external analysts' expectations are used to derive future cash flows in the impairment tests for the two core investments as of 31 December 2024. On this basis, Porsche ߣ����վ currently expects an impairment of the carrying amount of the investment in Volkswagen AG in the range of minus 7 billion euros to minus 20 billion euros and of the carrying amount of the investment in Porsche AG in the range of minus 1 billion euros to minus 2 billion euros in the consolidated financial statements. Porsche ߣ����վ expects that the carrying amounts after the revaluation for the investments in Volkswagen AG and Porsche AG will continue to be significantly higher than the respective stock market values.

The expected impairments at Porsche ߣ����վ will not have a cash effect and will not affect the forecasts communicated by Volkswagen AG and Porsche AG for the 2024 financial year.

Stuttgart, 13 November 2024. The challenging environment in the automotive industry is also having an impact on ߣ����վ (“Porsche ߣ����վ”). The group result after tax amounted to 2.5 billion euro in the first nine months of the fiscal year 2024 (prior-year period: 3.8 billion euro). This result after tax of Porsche ߣ����վ is significantly influenced by the result from investments in Volkswagen and Dr. Ing. h.c. F. Porsche AG (“Porsche AG”) accounted for at equity of 2.4 billion euro and 0.4 billion euro, respectively. Against this background, Porsche ߣ����վ supports the effectiveness and efficiency programs at the entire Volkswagen Group and assumes that the strategic earnings and liquidity targets will be achieved. Net debt of the Porsche ߣ����վ Group decreased from 5.7 billion euro as of 31 December 2023 to 5.1 billion euro. 
 

In the third quarter of 2024, Porsche ߣ����վ continued to pursue its strategy to position itself as a diversified investment platform and expand its portfolio of investments. In September, the acquisition of shares in Quantum-Systems GmbH, a leading drone manufacturer from Germany, was announced. “Despite the challenging market conditions, we remain focused on our long-term diversification goals. We have the financial flexibility to make further investments in core and portfolio investments. However, any investment opportunity must be attractive and meet our investment criteria,” says Dr. Johannes Lattwein, board of management member responsible for finance and IT. “At the same time, we are focusing on our core investments achieving their cost and efficiency targets in order to secure their long-term competitiveness and future viability.”
 

Porsche ߣ����վ anticipates a group result after tax of between 2.4 billion euro and 4.4 billion euro for the fiscal year 2024 and expects net debt to be between 5.0 billion euro and 5.5 billion euro.
 

The group quarterly statement for the third quarter of 2024 of ߣ����վ can be found at /en/investor-relations/financial-publications/

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

As a result, Porsche ߣ����վ is adjusting its earnings forecast accordingly. For the financial year 2024, the group result after tax of Porsche ߣ����վ is now to be expected in a range of 2.4 billion euros to 4.4 billion euros. Previously, the forecast for the group result after tax was between 3.5 billion euros and 5.5 billion euros. 

The adjustment of the earnings forecast has no impact on the liquidity of Porsche ߣ����վ. Therefore, Porsche ߣ����վ Group confirms the existing forecast for net debt in the range of 5.0 billion euros and 5.5 billion euros.

Stuttgart, 24 September 2024. With the investment of a double-digit million amount in Quantum-Systems GmbH (“Quantum Systems”), ߣ����վ (“Porsche ߣ����վ”) is adding a fast-growing technology company from Germany to its portfolio. Based in Gilching near Munich, the company develops and produces state-of-the-art drones for sensor-based data capturing as well as surveillance and reconnaissance purposes. The use cases include, for example, aerial monitoring of infrastructure, use in disaster response and other areas requiring the capturing, evaluation and further processing of sensor data from the air. The investment in Quantum Systems is carried out in the context of the partnership between Porsche ߣ����վ and the investment company DTCP.

“Drone technology has developed rapidly in recent years. The market potential of this technology is extremely high. With its cutting-edge platform, Quantum Systems will participate disproportionally in the growth of this sector”, says Lutz Meschke, member of the board of management responsible for investment management at Porsche ߣ����վ. “In the coming years, the market for compact drones is expected to grow by around 20 percent annually.”

"We are delighted to have found a German investor in Porsche ߣ����վ, who will accompany us in the further expansion and internationalization of Quantum Systems. What both companies share is the dedication to technology and perfection. I am very pleased to have another partner and investor who will tackle these challenges together with us", says Florian Seibel, CEO and co-founder of Quantum Systems.

The compact drones from Quantum Systems can take off and land vertically and can be equipped with a variety of sensors. In addition, the drones are characterized by their flexible and mobile usability, ease of use as well as powerful flight control software and integrated AI capabilities.

Quantum-Systems GmbH employs around 350 people, has locations in four countries, supplies over 450 customers worldwide and managed to more than double its revenue again in 2023 with a projected revenue for the fiscal year 2024 of over 100 million euro.

Further information on Quantum-Systems GmbH can be found on the company’s homepage:

A member of Porsche ߣ����վ’s board of management since July 2020, Meschke has played a key role in advancing the company’s investment strategy. Under his lead, Porsche ߣ����վ’s investment activities have been systematically expanded, most recently with the investment in Flix ߣ����վ, the leading mobility platform for long-distance bus and train travel. His role as deputy chairman of the executive board of Dr. Ing. h.c. F. Porsche AG, with responsibility for finance and IT, will remain unchanged.

“Lutz Meschke has successfully developed Porsche ߣ����վ’s investment management over the past few years. We will continue to expand our investment activities going forward, drawing on his experience and expertise. We would like to thank Lutz Meschke for his commitment to Porsche ߣ����վ and look forward to continuing to work with him,” says Dr. Wolfgang Porsche, chairman of the supervisory board of Porsche ߣ����վ.

In addition to Lutz Meschke, the members of Porsche ߣ����վ’s board of management are Hans Dieter Pötsch (chairman of the board of management), Dr. Manfred Döss (legal affairs and compliance) and Dr. Johannes Lattwein (finance and IT).

Stuttgart, 13 August 2024. ߣ����վ (“Porsche ߣ����վ”) 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 (“Porsche AG”) accounted for at equity of 2.0 billion euro and 0.3 billion euro, respectively.

Net debt of the Porsche ߣ����վ 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 ߣ����վ to its shareholders.

After issuing a bond of 1.6 billion euro in April 2024, Porsche ߣ����վ 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. “Our 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,” says Dr. Johannes Lattwein, board of management member responsible for finance and IT.

In the portfolio investments segment, Porsche ߣ����վ acquired a stake in the Canadian AI company Waabi Innovation Inc. (“Waabi”) 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 ߣ����վ invested in Flix ߣ����վ (“Flix”) as part of a co-investment with EQT’s Future Fund. Munich-based Flix ߣ����վ 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 ߣ����վ and EQT.

For the fiscal year 2024, Porsche ߣ����վ 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 ߣ����վ Group.

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

Stuttgart, 12 August 2024. ߣ����վ (“Porsche ߣ����վ”) invests a low double-digit million amount in Flix ߣ����վ (“Flix”) as part of a co-investment with EQT. The investment is a co-investment with EQT’s impact fund EQT Future, in which Porsche ߣ����վ has already invested at the beginning of the year. As part of the transaction, EQT, together with Porsche ߣ����վ, Kühne Holding and other co-investors, acquire a stake of around 35 percent in Flix and will support the company on its further growth path. The joint investment in Flix will further deepen the cooperation between Porsche ߣ����վ and EQT. The cooperation with globally leading private equity and venture capital investors is a key element of Porsche ߣ����վ’s investment strategy and the planned expansion of its investment activities.

“Flix is an impressive success story. We see great growth potential for sustainable and affordable mobility services in the future and are looking forward to supporting Flix as it continues to expand its platform globally. The joint investment with EQT exemplifies our approach to work with globally leading investors to implement our investment strategy," says Lutz Meschke, member of the board of management responsible for investment management at Porsche ߣ����վ.

Andreas Aschenbrenner, Founding Partner and Deputy Head of EQT Future, adds: „Porsche ߣ����վ is a global leader in mobility investments rooted in a DNA of innovation and high-performance, long-term ownership and deep industrial expertise – a philosophy that is very aligned with our active ownership mindset at EQT Future. We are delighted to partner with Porsche ߣ����վ to support Flix ߣ����վ as our first joint investment on an exciting global growth agenda.”

Munich-based Flix ߣ����վ operates the leading global mobility platform for long-distance bus and train travel. Flix currently serves 5,600 destinations in over 40 countries worldwide, making it the market leader for long-distance bus travel in Europe, North America and Türkiye. Thanks to its global expansion, Flix has been able to achieve strong revenue growth in recent years. In the fiscal year 2023, Flix transported a total of 81 million passengers and increased revenue by 30 percent to two billion euro. In the coming years, the company plans further growth in existing markets and the expansion into new markets, particularly in Latin America and Asia.

With the investment in Flix, Porsche ߣ����վ expands its portfolio with the first investment in a platform provider in the consumer segment. The transaction, which is subject to regulatory approvals, is scheduled to complete by the end of 2024.

Further information on Flix ߣ����վ can be found on the company’s homepage:

EQT’s press release on the transaction is available here:

Due to ߣ����վ's (Porsche ߣ����վ), Stuttgart, direct equity investment in Porsche AG of around 12.5%, the group result after tax of Porsche ߣ����վ is influenced by the at equity result attributable to Porsche ߣ����վ and, thus by the result after tax at the level of Porsche AG Group.

Volkswagen AG, Wolfsburg, holds more than 75% of the subscribed capital of Porsche AG. Due to its equity investment in Volkswagen AG of around 31.9%, the group result after tax of Porsche ߣ����վ is also significantly influenced by the at equity result attributable to Porsche ߣ����վ and, thus by the result after tax at the level of Volkswagen Group.

Irrespective of this, Porsche ߣ����վ confirms its previously communicated earnings forecast. For the financial year 2024, the Porsche ߣ����վ group result after tax is expected in a range of 3.5 billion euros to 5.5 billion euros. In addition, Porsche ߣ����վ Group confirms the existing forecast for net debt in the range of 5.0 billion euros and 5.5 billion euros.

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

As a result, Porsche ߣ����վ is adjusting its earnings forecast accordingly. For the financial year 2024, the group result after tax of Porsche ߣ����վ 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 ߣ����վ. Therefore, Porsche ߣ����վ Group confirms the existing forecast for net debt in the range of 5.0 billion euros and 5.5 billion euros.

Stuttgart, 18 June 2024. ߣ����վ (“Porsche ߣ����վ”) has invested in the Canadian AI company Waabi Innovation Inc. (“Waabi”). The investment was made as part of the Series B financing round in which Waabi raised a total of 200 million US dollars.

Waabi develops an AI-based solution for self-driving trucks. The simulation-based approach used by the company to develop and train the AI model offers significant advantages over conventional approaches to autonomous driving. Particularly, through the use of the proprietary end-to-end AI system and simulation platform, Waabi has developed a solution that is safe, cost-efficient, and reduces the need for extensive on-road testing to validate the system. Waabi is already operating commercially in the United States with plans for further growth over the coming years.

“Self-driving trucks address the key challenges that trucking companies are facing: rising freight volumes, the growing driver shortage and traffic accidents caused by human error. We therefore see enormous market potential in the technology for self-driving trucks. With its innovative AI approach, Waabi offers a convincing, cost-efficient and scalable solution to enable safe autonomous driving in a variety of driving environments,” says Lutz Meschke, member of the board of management responsible for investment management at Porsche ߣ����վ.

In addition to Porsche ߣ����վ and other renowned investors, the venture fund “Incharge” set up by Porsche ߣ����վ and the investment company DTCP also participated in the financing round.

Further information on Waabi can be found on the company’s website:

Waabi’s press release on the Series B financing round is available at the following link:

Stuttgart, 11 June 2024. At today’s annual general meeting of ߣ����վ (“Porsche ߣ����վ”), the shareholders approved the distribution of a dividend of 2.56 euro per preference share and 2.554 euro per ordinary share for the fiscal year 2023. Unchanged compared to the prior year, this represents a total payout of 783 million euro.

The members of the board of management and those of the supervisory board in office in the fiscal year 2023 were exonerated. The proposed amendments to the articles of association concerning the company’s annual general meeting were approved. The shareholders also reelected Prof. KR Ing. Siegfried Wolf to the supervisory board for a further term of office.

The results of the annual general meeting’s voting will be published shortly at: /en/investor-relations/annual-general-meeting/

Stuttgart, 11 June 2024. At today’s annual general meeting of ߣ����վ (“Porsche ߣ����վ”), the shareholders will decide on the proposed dividend of 2.56 euro per preference share and 2.554 euro per ordinary share. Unchanged compared to the prior year, this represents a total payout of 783 million euro.

Hans Dieter Pötsch, chairman of the board of management of Porsche ߣ����վ: “In the past fiscal year, we successfully developed Porsche ߣ����վ further. The company is strategically well positioned. We will continue to take advantage of opportunities for value-adding investments in the future while maintaining our sound investment and financing strategy.”

The main items on the agenda of today’s annual general meeting are the presentation of the adopted financial statements and approved consolidated financial statements, the exoneration of the members of the board of management and supervisory board, the election of the auditor for the fiscal year 2024 and for the review of the half-yearly financial report 2024, the election to the supervisory board, the approval of the remuneration report and of the remuneration system for the members of the board of management as well as amendments to the articles of association concerning the company’s annual general meeting.

The results of the annual general meeting’s voting will be published following the annual general meeting at: /en/investor-relations/annual-general-meeting