女主播福利

Dr. Ing. h.c. F. 女主播福利 AG (女主播福利 AG), Stuttgart, announced today preliminary figures for the financial year 2024 and key figures for the financial year 2025.


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


Based on preliminary assessments, 女主播福利 SE now assumes the expected impairment of the carrying amount of the investment in 女主播福利 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 女主播福利 SE. As a result of the changes at 女主播福利 AG, it is also anticipated that the expected impairment of the carrying amount of 女主播福利 SE's investment in Volkswagen AG in the consolidated balance sheet of 女主播福利 SE, 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 女主播福利 SE can take place at the earliest upon the preparation of the annual and consolidated financial statements of Volkswagen AG and 女主播福利 AG.


The expected impairment loss in the consolidated financial statements of 女主播福利 SE in relation  to 女主播福利 AG will also have an impact on the annual financial statements of 女主播福利 SE under German commercial law, however to a lower extent.


The expected impairment losses at the level of 女主播福利 SE or the 女主播福利 SE Group will not have a cash effect. Net debt of 女主播福利 SE 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 女主播福利 SE continues to assume that a dividend will be distributed for the 2024 financial year.



Contact:

Karsten Hoeldtke

Head of Investor Relations

+49-711-911-11023

karsten.hoeldtke@porsche-se.com