Porsche SE: Annual general meeting decides on dividend proposal of 2.56 euro per preference share

Unchanged payout of 783 million euro / Elections to the supervisory board

Stuttgart, 30 June 2023. At today’s annual general meeting of Porsche Automobil Holding SE (Porsche SE), Stuttgart, the shareholders will decide on the proposed dividend of 2.56 euro per preference share and 2.554 euro per ordinary share. Unchanged compared to the prior year, this would represent a total payout of 783 million euro.

The chairman of the board of management of Porsche SE, Hans Dieter Pötsch, said in his speech: “We are looking back on an economically successful fiscal year 2022. The highlight was without doubt the acquisition of 25 percent plus one share of the ordinary shares of Porsche AG.” With this investment, Porsche SE added to its core portfolio a company with a strong growth and dividend profile that is uniquely positioned in the sport and luxury segments of the automotive industry. As a result, Porsche SE receives around 1.5 billion euro in dividend income this year. Pötsch went on to say: “The dividend inflows put us in a position to pursue a stable dividend policy as well as to consistently reduce our debt.” The board of management would also continue to work on strengthening Porsche SE as an investment company and make additional portfolio investments in a systematic and targeted manner.

The main points on the agenda of today’s annual general meeting are the presentation of the adopted annual financial statements and approved consolidated financial statements, the approval of the acts of the members of the board of management and supervisory board, the appointment of the auditor for the fiscal year 2023 and for the review of the half-yearly financial report 2023, the approval of the remuneration report as well as amendments to the articles of association concerning virtual general meetings in the future, among other things.

Elections to the supervisory board of Porsche SE will also be held. Acting on a recommendation of the nominations committee, the supervisory board will propose to the annual general meeting that the current supervisory board members Mag. Josef Michael Ahorner, Mag. Marianne Heiß, Dr. Günther Horvath and Peter Daniell Porsche be reelected for a further term of office and that Sophie Piëch be elected to the supervisory board.

The results of the annual general meeting’s voting will be published following the annual general meeting at: