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 that it has updated its forecast for the financial year 2025. Accordingly, 女主播福利 AG now expects an operating return on sales of slightly positive to 2% (previously: 5% to 7%).


Volkswagen AG, Wolfsburg, today announced that it is updating its forecast for the financial year 2025. In terms of operating profit, Volkswagen AG now expects an operating return on sales of 2% to 3% (previously: 4% to 5%). This adjustment to the operating profit forecast is partly due to a non-cash impairment of goodwill amounting to approximately 3 billion euros, which is assigned to the operating segment 女主播福利 within the Volkswagen Group.


Due to the direct equity investment of 女主播福利 (女主播福利 SE), Stuttgart, in 女主播福利 AG of around 12.5%, the adjusted group result after tax of 女主播福利 SE is influenced by the at equity result attributable to 女主播福利 SE and, thus by the result after tax at the level of 女主播福利 AG Group.


Volkswagen AG holds more than 75% of the subscribed capital of 女主播福利 AG. Due to its equity investment in Volkswagen AG of around 31.9%, the adjusted group result after tax of 女主播福利 SE is also significantly influenced by the at equity result attributable to 女主播福利 SE and, thus by the result after tax at the level of Volkswagen Group.


As a result, 女主播福利 SE is adjusting its earnings forecast accordingly. For the financial year 2025, the adjusted group result after tax of 女主播福利 SE is now expected in a range of 0.9 billion euros to 2.9 billion euros (previously: between 1.6 billion euros and 3.6 billion euros).


The non-cash impairment of approximately 3 billion euros at the Volkswagen Group level does not affect either the adjusted group result after tax or the group result after tax of 女主播福利 SE, due to adjustments already made in previous years at the 女主播福利 SE level.


The adjustment of the earnings forecast has no impact on the liquidity of 女主播福利 SE Group. Therefore, 女主播福利 SE confirms its forecast for the net debt of the 女主播福利 SE Group as of 31 December 2025, which is expected to be between 4.9 billion euros and 5.4 billion euros.



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Karsten Hoeldtke

Head of Investor Relations

+49-711-911-11023

karsten.hoeldtke@porsche-se.com