Porsche Automobil Holding SE: Negative results of Volkswagen AG weight on results of Porsche SE
Porsche Automobil Holding SE / Key word(s): Final Results/Dividend
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.
Volkswagen AG, Wolfsburg, informed that, primarily due to negative effects
of the emissions issue, it will report a group loss after tax for fiscal
year 2015 of Euro 1.361 billion. As a consequence of the capital stake of
30.8 percent which Porsche Automobil Holding SE, Stuttgart ("Porsche SE"),
holds in Volkswagen AG, the negative group results announced will have a
corresponding negative effect on the group results of Porsche SE. Taking
into account this development, Porsche SE's group loss before tax will
presumably amount to Euro 456 million for fiscal year 2015. Due to a
positive effect from tax refunds, the group loss after tax will presumably
amount to Euro 273 million. The net profit in the separate financial
statements of Porsche SE will presumably amount to Euro 871 million due to
the dividend received from Volkswagen AG in fiscal year 2015 for fiscal
The executive board intends to propose to the annual general meeting -
subject to corresponding resolutions of the supervisory board - a dividend
payout of Euro 0.204 per ordinary share and of Euro 0.21 per preference
share. On 25 April 2016, the supervisory board of Porsche SE is expected to
decide on the approval of separate and consolidated financial statements
and its dividend proposal to the annual general meeting.
22.04.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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