Porsche SE Charts Recovery After €20 Billion Loss in 2024

The holding company for Volkswagen and Porsche AG plans a return to profitability in 2025, explores portfolio diversification, and commits to reduced dividends.

• Porsche SE reported a €20 billion net loss in 2024 due to significant write-downs on its stakes in Volkswagen and Porsche AG following a change in asset valuation methods.
• Despite the loss, the company will pay a reduced dividend of €1.91 per preferred share, down from €2.56 the previous year, as part of its commitment to shareholders.
• The company projects a post-tax profit of €2.4 to €4.4 billion in 2025, supported by cost-saving and restructuring measures at Volkswagen and Porsche AG.
• Porsche SE has ruled out selling its stakes in Volkswagen and Porsche AG and is instead exploring diversification into sectors such as defense and infrastructure to reduce reliance on the automotive industry.
• Broader industry challenges, including declining demand for electric vehicles and rising costs, have contributed to the financial pressures on Porsche SE and its core holdings.

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