Reported 2 days ago
Porsche SE, the largest shareholder of Volkswagen, predicts a 2024 after-tax loss of approximately €20 billion ($21.7 billion) due to impairments on its holdings in Volkswagen and Porsche AG. This follows previously announced impairments reflecting significant drops in market value, with net debt expected to reach €5.2 billion by the end of 2024. Despite these losses, Porsche SE plans to maintain dividend payments for the past year.
Source: YAHOO