Frankfurt (Reuters) – Porsche, Volkswagen’s largest shareholder, expects a loss of 2024. After taxation of around 20 billion euros ($ 21.7 billion), according to Friday, referring to previously detected damage in his share of the car.
Dembrassment, first announced in December, reflect a significant loss and in the market value of Volkswagen and Porsche AG. Porsche is owned by 31.9% Volkswagen and 12.5% Porsche AG.
The Porsche withdrew his prospects for profit after taxation at the time, when Volkswagen was still involved in a major conflict with the unions for closing the plant and payments, all aspired to the company’s annual planning.
The Porsche, which should publish full annual results on March 26, said that reduction in their roles Volkswagen and Porsche AG, which are not effective, ended up at EUR 19.9 billion and 3.4 billion euros, as ranges at the upper end.
The net debt is expected to amount to 5.2 billion euros from the end of 2024, Porsche said, also confirming that he is still expecting to pay a dividend for last year, although he has not provided further details.
($ 1 = 0.9231 euros)
(Reporting Christopha Steitz; Mounting Kirsten Donovan)
