Porsche SE shocked with profit warning: billions of deprivation threaten!

Porsche SE shocked with profit warning: billions of deprivation threaten!

Stuttgart, Deutschland - The Porsche Automobil Holding SE withdrawn on Friday, December 13, 2024, its winning forecast for 2024 and warned of considerable values ​​of up to 20 billion euros for their participation in Volkswagen AG. This message came after a significant price reduction of the Porsche shares after the IPO, which fell by around 1.5 percent. According to Market screener 36.01 EUR, which means a decline of 2.11 percent compared to the previous day.

shocking value adjustments announced

The holding stated that it would expect a need for value between 7 and 20 billion euros for their investments in Volkswagen and between 1 and 2 billion euros for Porsche AG. These drastic measures were necessary because the current market situation, lower demand in various markets as well as geopolitical tensions and protectionist tendencies must be taken into account, such as Morningstar reported. Volkswagen is faced with a tense economic situation and has already warned of possible factory closures and job cuts, which led to massive protests among employees.

The withdrawal of the profit forecast is a direct result of the delays in the current planning of Volkswagen and Porsche AG. Since these plans are not completed by December 31, 2024, Porsche SE is unable to trust the already approved results for accounting purposes. The estimated value adjustments are expected to have a significant negative impact on the post -tax gain, which should continue to burden the financial situation of the group of companies.