$PAH3 (+0,42%) Porsche Automobil Holding SE: Non-cash, expected impairment of the at-equity carrying amounts of the investments in Volkswagen AG and Porsche AG; withdrawal of the earnings forecast

Volkswagen AG has informed Porsche SE today that the current planning rounds of Volkswagen AG and Porsche AG are no longer expected to be adopted by December 31, 2024. As a result, Porsche SE cannot currently rely on the results of a current approved plan of Volkswagen AG and Porsche AG for accounting purposes.