Company
About us
Porsche SE is a holding company with investments in the areas of mobility and industrial technology. The company employed just under 50 people as of 31 December 2024. As core investments, Porsche SE holds the majority of the ordinary shares in Volkswagen AG and 25% plus one share of the ordinary shares in Porsche AG. We consider ourselves an active anchor investor in this context, shaping the transformation of mobility in a responsible and forward-looking manner with a consistently entrepreneurial mindset.
In addition, Porsche SE acquired minority shareholdings in several technology companies in North America, Europe and Israel and invested in private equity and venture capital funds.
Corporate culture
Our actions are guided by clear principles that look beyond short-term results. As an investment holding company with family ties, we believe in enduring values that remain steadfast in the face of volatile trends and developments. As such, Porsche SE has a keen sense of responsibility towards its shareholders, partners and society at large. We uphold a strong set of values that are centered around integrity, excellence and ambition and are fundamental to our entrepreneurial activities.
These are the values that shape both our investment strategy and how we work with our investment companies and partners. We believe that economic success and contributing to society go hand in hand rather than being mutually exclusive.
The way we see ourselves defines our investment journey, driven by vision, innovation and high standards.
Board of management
Dear shareholders,
The European automotive industry faced major challenges in the fiscal year 2024. The core investments of Porsche SE, Volkswagen AG and Porsche AG, had to contend with increasingly difficult economic and political conditions, in particular the intensifying competitive situation in the automotive sector, market developments in China, the slower ramp-up of electromobility and further rising geopolitical tensions and protectionist tendencies.
This also had an impact on Porsche SE. The group result after tax of Porsche SE for the fiscal year 2024 amounted to minus 20.0 billion euro (prior year: 5.1 billion euro). It was significantly influenced by the non-cash impairment losses on the carrying amounts of the investments in Volkswagen AG of minus 19.9 billion euro and Porsche AG of minus 3.4 billion euro. The impairment losses recognized have no impact on Porsche SE’s liquidity or net debt. Adjusted for the impairment effects on the two core investments, Porsche SE generated a profit. This is shown by the adjusted group result after tax of 3.2 billion euro compared to 5.1 billion euro in the prior year. The adjusted group result after tax was significantly influenced by the result from the ongoing at equity accounting of shares in Volkswagen of 3.0 billion euro (prior year: 4.8 billion euro) and the result from the ongoing at equity accounting of shares in Porsche AG of 0.5 billion euro (prior year: 0.4 billion euro).
Supervisory board
Pursuant to the articles of association, the supervisory board of Porsche SE consists of ten shareholder representatives appointed by the annual general meeting. Its composition ensures qualified oversight and advice to the executive board and reflects the company’s international orientation and ownership structure. Information on the Supervisory Board is available here.
Dr. Wolfgang Porsche
Chairman
Chairman of the supervisory board of Dr. Ing. h.c. F. Porsche AG
Dr. Hans Michel Piëch
Deputy chairman
Member of the supervisory board of Volkswagen AG
Mag. Josef Michael Ahorner
Member of the supervisory board of AUDI AG
Mag. Marianne Heiß
Member of the supervisory board of Palfinger AG as well as member of additional control bodies of domestic and foreign commercial enterprises
Dr. Günther Horvath
Managing director and self-employed attorney at Dr. Günther J. Horvath Rechtsanwalt GmbH
Prof. Dr. Ulrich Lehner
Member of the supervisory board of Porsche Automobil Holding SE
Dr. Sophie Piëch
Managing director at Dr. Hans Michel Piëch GmbH
Dr. Ferdinand Oliver Porsche
Member of the board of management of Familie Porsche AG Beteiligungsgesellschaft
Peter Daniell Porsche
Member of the supervisory board of Porsche Automobil Holding SE as well as member of additional control bodies of domestic and foreign commercial enterprises
Prof. TU Graz e.h. KR Ing. Siegfried Wolf
Member of the supervisory board of Schaeffler AG as well as member of additional control bodies of domestic and foreign commercial enterprises
Corporate Governance
Corporate governance at Porsche SE stands for responsible management and oversight of the company, geared towards long-term value creation, sustainability and transparency. Adherence to legal requirements, the Code of Conduct and company guidelines is just as central as the continuous development of governance structures in the interest of our stakeholders.