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last mo.

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.

Ein Mitarbeiter an einem Porsche 911 S/T
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Overview

  • 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.