Porsche Automobil Holding SE: Adjustment of the forecast for the group
result after tax 2024

EQS-Ad-hoc: Porsche Automobil Holding SE / Key word(s): Change in Forecast
Porsche Automobil Holding SE: Adjustment of the forecast for the group
result after tax 2024

09-Jul-2024 / 19:23 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Volkswagen AG, Wolfsburg, today announced that it is updating its forecast
for the financial year 2024. Accordingly, Volkswagen AG now expects an
operating return on sales of 6.5% to 7.0% for the full year 2024
(previously: 7.0% to 7.5%).

Due to its equity investment in Volkswagen AG of around 31.9%, the group
result after tax of Porsche Automobil Holding SE (Porsche SE) is
significantly influenced by the at equity result attributable to Porsche SE
and, thus by the group result after tax at the level of Volkswagen.

As a result, Porsche SE is adjusting its earnings forecast accordingly. For
the financial year 2024, the group result after tax of Porsche SE is now to
be expected in a range of 3.5 billion euros to 5.5 billion euros.
Previously, the forecast for the group result after tax was between 3.8
billion euros and 5.8 billion euros.

The adjustment of the earnings forecast has no impact on the liquidity of
Porsche SE. Therefore, Porsche SE Group confirms the existing forecast for
net debt in the range of 5.0 billion euros and 5.5 billion euros.


Contact:
Karsten Hoeldtke
Head of Investor Relations
+49-711-911-11023
karsten.hoeldtke@porsche-se.com


End of Inside Information

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   Language:       English
   Company:        Porsche Automobil Holding SE
                   Porscheplatz 1
                   70435 Stuttgart
                   Germany
   Phone:          +49 (0)711 911-11023
   Fax:            +49 (0)711 911-11819
   E-mail:         InvestorRelations@porsche-se.com
   Internet:       www.porsche-se.com
   ISIN:           DE000PAH0038, XS2615940215 , XS2643320018,
                   XS2643320109, XS2802891833, XS2802892054
   WKN:            PAH003
   Indices:        DAX
   Listed:         Regulated Market in Berlin, Frankfurt (General
                   Standard), Munich, Stuttgart; Regulated Unofficial
                   Market in Dusseldorf, Hamburg, Hanover, Tradegate
                   Exchange; Luxembourg Stock Exchange
   EQS News ID:    1942701

End of Announcement EQS News Service
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1942701 09-Jul-2024 CET/CEST