Porsche SE Reports €20 Billion Loss Due to Asset Write-Downs
Despite the massive paper loss, the company plans to distribute dividends to shareholders, with the full financial report set for release on March 26.
- Porsche SE, the holding company for Volkswagen and Porsche AG, announced a €20 billion loss for the 2024 fiscal year due to non-cash write-downs on its investments.
- The write-downs include €19.9 billion for Volkswagen AG and €3.4 billion for Porsche AG, reflecting reduced book values for these stakes.
- The losses are non-cash and do not impact the company's liquidity, meaning Porsche SE is not at risk of insolvency.
- Shareholders will still receive dividends, funded by anticipated dividend inflows from Volkswagen and Porsche AG, independent of the reported loss.
- The full financial report, including further details, will be published by Porsche SE on March 26, 2025.
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