Dr. Ing. h.c. F. Porsche AG / DE000PAG9113

Dr. Ing. h.c. F. Porsche Aktiengesellschaft adjusts forecast for the financial year 2024

EQS-Ad-hoc: Dr. Ing. h.c. F. Porsche AG / Key word(s): Half Year Report


23-Jul-2024 / 00:28 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Publication of Inside Information pursuant to Art. 17 MAR     Stuttgart – Various suppliers of Dr. Ing. h.c. F. Porsche Aktiengesellschaft (“Porsche”) are currently affected by a significant supply shortage with regard to special aluminium alloys. The supply shortage is the result of the flooding of a production facility of an important European aluminium supplier who has informed its customers in writing of the occurrence of a force majeure event. Affected are body components made of aluminium, which are used in all vehicle series manufactured by Porsche.   Despite immediate countermeasures, it is becoming apparent that the impending supply shortage will lead to impairments in production. These are expected to last several weeks and may possibly lead to production shutdowns of one or more vehicle series. It is to be expected that the resulting delays in the production and delivery of vehicles will not be fully compensated for in the further course of the financial year.   Against this background, today the Executive Board decided to adjust the forecast for the financial year. For the financial year 2024, the following figures are now expected:   a return on sales between14% and 15% (previous forecast: between 15% and 17%), sales revenues between € 39 and € 40 billion (previous forecast: € 40 to 42 billion), an automotive net cash flow margin between 7% and 8.5% (previous forecast: between 8.5% and 10.5%), an automotive EBITDA margin between 23% and 24% (previous forecast: between 24% and 26%) and an automotive BEV share between 12% and 13% (previous forecast: between 13% and 15%).   As announced, the Half Year Financial Report 2024 will be published on 24 July 2024.   The definitions of these key figures can be found on page 184 et seq. of the Annual and Sustainability Report 2023. The Annual and Sustainability Report 2023 is available at: https://investorrelations.porsche.com/en/financial-figures/.      

End of Inside Information

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23-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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Language:	English
Company:	Dr. Ing. h.c. F. Porsche AG
	Porscheplatz 1
	70435 Stuttgart
	Germany
Phone:	[phone]
E-mail:	[e-mail]
Internet:	https://www.porsche.com/international/
ISIN:	DE000PAG9113
WKN:	PAG911
Listed:	Regulated Market in Frankfurt (Prime Standard)
EQS News ID:	1951509

End of Announcement	EQS News Service

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1951509  23-Jul-2024 CET/CEST