Porsche SE reports $21.6 billion loss after tax on Volkswagen impairment - Regional Media News

The holding company of the Porsche and Piëch family owned by VW had to cope with a record loss in 2024. The dividend is to fall by a quarter. Now she hopes for a turnaround.

After a high loss of billions, the German Porsche Holding plans to achieve a better performance in the new year due to the weak year in its car participations VW and Porsche.

Porsche SE, the holding company of the VW-owned families Porsche and Piech, had to cope with massive depreciation in 2024. Now it relies on renovation and hopes for a turnaround in the trend.

From the billion to the huge minus: In 2024 the holding company of the VW-owned families had to cope with massive depreciation. Now it relies on renovation and hopes for a turnaround in the trend.

Porsche SE reports $21.6 billion loss after tax on Volkswagen impairment - Regional Media News

BERLIN (Reuters) – Porsche SE, Volkswagen’s largest shareholder, reported a net loss after tax of 20 billion euros ($21.57 billion) in 2024, in line with its forecast, because of impairments on its holding of Europe’s top carmaker. ($1 = 0.9273 euros) (Reporting by Victoria Waldersee, Editing by Rachel More) Brought to you by www.srnnews.com