Porsche Automobil Holding SE: Reporting of the Annual Results and Annual General Meeting postponed
Porsche Automobil Holding SE / Key word(s): Final Results
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Stuttgart. Volkswagen AG, Wolfsburg, informed in an ad-hoc-announcement
that the preparation of the annual financial statement 2015 is delayed due
to remaining open questions relating to the consequences of the emissions
issue and the resulting valuation issues. As a consequence of the capital
stake of currently 30.8 percent Porsche Automobil Holding SE, Stuttgart
("Porsche SE"), holds in Volkswagen AG, the reporting of the annual results
of Volkswagen AG is a necessary precondition for the preparation of the
annual results and group profit of Porsche SE. Therefore, the reporting of
the annual and consolidated annual financial statements 2015 of Porsche SE
will be postponed as well.
Consequently, corresponding to the case of Volkswagen AG, the dates for the
Annual Press Conference and Analyst Conference (previously planned for
March 15, 2016) as well as the Annual General Meeting (previously planned
for May 04, 2016) of Porsche SE will be postponed. Porsche SE will inform
as soon as possible about the new dates to be scheduled.
Porsche SE's previous forecast of a consolidated total group profit after
taxes for the fiscal year 2015 of between 0.8 billion euro and 1.8 billion
euro was and is subject in particular to new cognition regarding special
items in connection with the emissions issue and is furthermore based on
the unchanged assumption that the Volkswagen Group's financial result for
the fiscal year 2015 will be within the range of the previous expectations.
Due to these restrictions, Porsche SE's forecast was and still is
inevitably subject to assessment risks.
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Company: Porsche Automobil Holding SE
Phone: +49 (0)711 911-11046
Fax: +49 (0)711 911-11819
Listed: Regulated Market in Berlin, Frankfurt (General Standard),
Munich, Stuttgart; Regulated Unofficial Market in Dusseldorf,
Hamburg, Hanover; Terminbörse EUREX
End of Announcement DGAP News-Service