Car industry Porsche to pay lower dividend after huge loss
The German Porsche holding company wants to pay a lower dividend after a high billion-euro loss due to a weak year at its car investments VW and Porsche.
26.03.2025, 11:07
26.03.2025, 13:06
SDA
As already indicated, the net loss amounted to 20.0 billion euros last year due to high impairments. A year earlier, the holding company of the VW-owning families Porsche and Piech had made a profit of 5.1 billion euros.
Despite the huge loss, Porsche intends to pay a dividend as indicated. However, at 1.91 euros per Dax-listed preference share, the payout will be lower than the previous year's 2.56 euros, as the Stuttgart-based company announced.
In 2025, the management around CEO Hans Dieter Pötsch is aiming for earnings after tax adjusted for value adjustments of 2.4 to 4.4 billion euros. "Through the focused implementation of the strong programs in our core holdings, we see considerable potential for value enhancement," said Pötsch, referring to the cost-cutting and restructuring programs at Volkswagen and Porsche.
Net debt is expected to amount to between 4.9 and 5.4 billion euros in 2025, falling to 5.2 billion euros by the end of 2024 as already announced. The holding company holds the majority of voting rights in the Volkswagen Group and a blocking minority in the sports car manufacturer Porsche AG, which is majority-owned by the Volkswagen Group.
Last year, Porsche had to make high write-downs on the book values of its two main shareholdings because the business developed worse than previously anticipated due to the weakness of the industry.
