Brief: Porsche Automobil Holding Adjusts 2026 Forecast
BRIEF-Porsche Automobil Holding Adjusts 2026 Forecast Sept 18 (Reuters) - PORSCHE AUTOMOBIL HOLDING SE PSHG_p.DE:
ADJUSTMENT OF THE FORECAST FOR THE ADJUSTED GROUP RESULT AFTER TAX 2026
IN TERMS OF OPERATING PROFIT, VOLKSWAGEN AG NOW EXPECTS AN OPERATING RETURN ON SALES OF UP TO 1% (PREVIOUSLY: 4% TO 5.5%)
DUE TO ITS EQUITY INVESTMENT IN VOLKSWAGEN AG OF AROUND 31.9%, ADJUSTED GROUP RESULT AFTER TAX OF PORSCHE SE IS SIGNIFICANTLY INFLUENCED BY AT EQUITY RESULT ATTRIBUTABLE TO PORSCHE SE AND, THUS BY RESULT AFTER TAX AT LEVEL OF VOLKSWAGEN GROUP
FOR FINANCIAL YEAR 2026, PORSCHE SE STILL EXPECTS A POSITIVE ADJUSTED GROUP RESULT AFTER TAX, WHICH HOWEVER IS NOW EXPECTED IN A RANGE OF MINUS 0.5 BILLION EUROS TO PLUS 1.5 BILLION EUROS
NON-CASH IMPAIRMENT OF APPROXIMATELY 6 BILLION EUROS AT VOLKSWAGEN GROUP LEVEL DOES NOT AFFECT EITHER ADJUSTED GROUP RESULT AFTER TAX OR GROUP RESULT AFTER TAX OF PORSCHE SE
ADJUSTMENT OF EARNINGS FORECAST HAS NO IMPACT ON LIQUIDITY OF PORSCHE SE GROUP
PORSCHE SE CONFIRMS ITS FORECAST FOR NET DEBT OF PORSCHE SE GROUP AS OF 31 DECEMBER 2026
Source text: ID:nEQ2jfVN4a
Further company coverage: [PSHG_p.DE]
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