Stuttgart, 7 March 2025. The Management Board of 女主播福利 (女主播福利 SE), Stuttgart, finalized the impairment tests of the at-equity carrying amounts of the investments in Volkswagen AG, Wolfsburg, and Dr. Ing. h.c. F. 女主播福利 AG (女主播福利 AG), Stuttgart.
Against this background, 女主播福利 SE 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 女主播福利 SE鈥檚 investment in Volkswagen AG in the consolidated balance sheet of 女主播福利 SE 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 女主播福利 SE鈥檚 investment in 女主播福利 AG in the consolidated balance sheet of 女主播福利 SE 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 女主播福利 SE under German commercial law, there is only an impairment of the carrying amount of 女主播福利 SE鈥檚 investment in 女主播福利 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 女主播福利 SE or the 女主播福利 SE Group are non-cash effective. 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 fiscal year 2024.
女主播福利 SE鈥檚 annual report for the fiscal year 2024 is expected to be published on March 26, 2025.
