Porsche SE
Porsche SE, the largest single shareholder of Volkswagen AG, issued a record 1.6 billion euro bond in 2024 and plans to reduce its net debt to between 5.0 and 5.5 billion euros by the end of 2024.
Financial Performance
Porsche SE issued a record bond of 1.6 billion euros in 2024. The company successfully reduced its net debt by approximately 1 billion euros, bringing it down to 5.7 billion euros as of December 31, 2023. Further debt reduction efforts are planned, aiming to decrease the net debt to between 5.0 billion euros and 5.5 billion euros by December 31, 2024. For the fiscal year 2023, Porsche SE has proposed a dividend of 2.56 euros per preferred share.
Investment Portfolio
Porsche SE holds a majority of the common shares of Volkswagen AG, positioning it as the largest single shareholder of the company. The investment portfolio of Porsche SE includes core investments such as Volkswagen AG and Porsche AG. It also comprises temporary holdings characterized by high growth and value appreciation potential. The company's strategy focuses on sustainable value creation for its shareholders through both asset appreciation and dividend payouts.
Strategic Investments
Porsche SE invests in the mobility and industrial technology sectors. It has engaged in a joint venture with DTCP to launch a venture fund targeting software companies operating within the mobility and connectivity sectors. This initiative aligns with Porsche SE's broader investment strategy, emphasizing growth and value appreciation in sectors poised for significant technological advancements.