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Porsche SE: Total dividend payout of 952 million euros

13.03.2020: Dividend proposal 41 percent increase - 3.11 euros per priority share - Group profit after tax increases by 26.3 percent to 4.4 billion euros

Dividend proposal 41 percent increase


- 3.11 euros per priority share

- Group profit after tax increases by 26.3 percent to 4.4 billion euros



The Board of Management and Supervisory Board of Porsche Automobil Holding SE (Porsche SE), Stuttgart, are proposing to increase the dividend for fiscal 2019 by 41 percent to Euro 3.11 (previous year: Euro 2.21) per priority share and to Euro 3.104 (previous year: Euro 2.204) per common share.


This results in a total dividend payout of 952 million EUR (previous year: 676 million EUR), of which 476 million EUR is attributable to priority shareholders. The dividend proposal will be decided by the Annual General Meeting on May 19, 2020 in Stuttgart.



The consolidated profit after tax of Porsche SE rose to 4.4 billion Euro in fiscal 2019, an increase of 26.3 percent compared to the previous year (3.5 billion Euro). This development is mainly influenced by the at equity result from the investment in Volkswagen AG of 4.4 billion Euro, after 3.6 billion Euro in the previous year.



As of 31 December 2019, the Porsche SE Group's net liquidity amounted to 553 million Euro (864 million Euro). The decline is due in particular to the acquisition of Volkswagen ordinary shares in the first quarter of 2019.



The dividend proposal of Porsche SE has grown disproportionately compared to the increase in earnings. This growth is due to the dividend proposal of Volkswagen AG, which has increased the payout ratio to 24.5 percent after 20.4 percent in the previous year.



Porsche SE will publish the Annual Report 2019 on its website (https://www.porsche-se.com) on 24 March 2020. As a precautionary measure, the balance sheet press and analysts' conference originally planned for that day has been cancelled due to current developments.


 
Porsche Automotive Holding SE


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13.03.2020 / MaP

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