Porsche Automobil Holding SE

+ + + Breaking news: + + +   We are happy to announce that Lutz Meschke will serve on the board of management of Porsche Automobil Holding SE for another five years, remaining responsible for investment management.   The supervisory board has extended his appointment until 30 June 2030!   Dr. Wolfgang Porsche, chairman of the supervisory board of Porsche SE, says: “Lutz Meschke has successfully developed Porsche SE’s investment management over the past few years. We will continue to expand our investment activities going forward, drawing on his experience and expertise. We would like to thank Lutz Meschke for his commitment to Porsche SE and look forward to continuing to work with him.”   See full press release: https://lnkd.in/e22rMwgR   #BreakingNews #Leadership #PorscheSE #Management #BoardOfManagement #InvestmentManagement #CorporateLeadership #Expertise

Porsche Automobil Holding SE published its half-yearly financial report 2024 today!   These are the key facts: · Net debt significantly improved to 5.0 billion euro · Result after tax of 2.1 billion euro · Active portfolio development: Further investments in the mobility sector – Waabi and Flix   Dr. Johannes Lattwein, board of management member responsible for finance and IT, said: “Our financial resources give us considerable flexibility for potential further investments in core and portfolio investments.”   Porsche SE is expanding its investment activities and is actively screening investment opportunities in the core and portfolio investment segments.   See full press release: https://lnkd.in/esWdwf_G See half-yearly financial report as of 30 June 2024: https://lnkd.in/d-zSs7E   #PorscheSE #FinancialReport #Investment #MobilitySector #PortfolioDevelopment #FinancialFlexibility #Innovation #SustainableInvestments #FutureMobility

Exciting News: Porsche Automobil Holding SE invests in leading global mobility platform Flix!   We are happy to announce our co-investment in Flix alongside EQT Group Future Fund and Kühne Holding. Flix operates the leading global mobility platform for long-distance bus and train travel. This joint investment reflects our commitment to expand our portfolio and work with globally leading investors as a key element of our investment strategy.   Highlights: - Co-investment with EQT’s impact fund EQT Future as part of our growth strategy - Flix currently serves 5,600 destinations in 40+ countries, transporting 81 million passengers in 2023 - Remarkable 30% revenue growth to 2bn EUR in 2023   Lutz Meschke, member of the board of management responsible for investment management at Porsche SE, says: "Flix is an impressive success story. The joint investment with EQT exemplifies our approach to work with globally leading investors."   See Porsche Automobil Holding SE’s press release: https://lnkd.in/eYQWDp_t   See EQT Group’s press release: https://lnkd.in/eNUz7aYD   #Investment #MobilityPlatform #GlobalExpansion #Innovation #Sustainability #Partnership #PorscheAutomobilHoldingSE #FlixSE #EQT

Our portfolio company Isar Aerospace is ready for space endeavors! Congratulations to Daniel Metzler, Josef Fleischmann, David Kownator and the whole team for having successfully completed this impressive Series C round.   We at Porsche Automobil Holding SE are happy to support Isar Aerospace on its mission to develop cost-effective launch services and drive the European commercial space push. We can’t wait for the first rocket to launch! 🚀

We are happy to announce that Porsche Automobil Holding SE and Incharge Capital Partners, our newly established joint venture with DTCP, invest in technology company Waabi.   • Investment is part of Waabi’s Series B financing round • Waabi develops an AI-based solution for self-driving trucks • Generative AI allows for cost-efficient development and scaling of the technology   See press release of Porsche Automobil Holding SE: https://lnkd.in/eCSyZ2XR   See press release of Waabi: https://lnkd.in/ea2pEXtr   #AI #AutonomousDriving #Trucks #PorscheAutomobilHoldingSE #Waabi

Porsche Automobil Holding SE (Porsche SE) held its Annual General Meeting today. Find all the highlights in the infographic below. We would like to thank our shareholders and stakeholders for their continued support. For more details, see the full press release: https://lnkd.in/eWs2-D-X The voting results will be published shortly at: https://lnkd.in/d5jNKJz

Today, we published our group quarterly statement for the first quarter of 2024. Here are the highlights: · Porsche SE confirms earnings forecast for the fiscal year 2024 · Group result after tax of 1.1 billion euro for the first three months of 2024 · Net debt as of 31 March 2024 virtually unchanged at 5.8 billion euro · In April 2024, Porsche SE committed to invest 100 million euro as an anchor investor in “Incharge I” venture fund See full press release: https://lnkd.in/gv-d_m_r See group quarterly statement for the first quarter of 2024: https://lnkd.in/d-zSs7E #PorscheSE #PorscheAutomobilHoldingSE #FinancialResults

Record bond at Porsche SE Porsche Automobil Holding SE has issued a further bond with a volume of 1.6 billion euro. According to banks it is the world’s largest bond without a rating ever issued. Dr. Johannes Lattwein, member of the board of management responsible for finance and IT: “This transaction follows the successful issuances of the past year. Thanks to the high demand, we were able to secure very competitive conditions, allowing us to shape our financing profile even more robustly and at the same time to expand our flexibility for portfolio investments. With this record bond, Porsche SE has once again demonstrated its attractiveness for investors.” See full press release: https://lnkd.in/evGr_afb #PorscheSE #PorscheAutomobilHoldingSE #Bond #DebtMarket #Record

Exciting times in AI and compute infrastructure! Congratulations to David Lazovsky and the team of our portfolio company Celestial AI on the completion of its Series C funding round.   We are pleased to support Celestial AI in delivering their groundbreaking optical interconnect technology to customers to enable a new era of sustainable and scalable compute capacity.   #CelestialAI #PhotonicFabric #AI #Datacenter

Wrapping up a successful 2023!   Today, Porsche Automobil Holding SE published its financial results for the fiscal year 2023. Despite a challenging market environment, we achieved a strong group result and reduced net debt. Moreover, we were able to significantly strengthen our investment portfolio.   We would like to thank our dedicated team, our investors and all other stakeholders for their continued trust and commitment. As we move forward, we remain committed to sustainable value creation and strategic excellence. See full press release: https://lnkd.in/esnz2yNj See Annual Report for the fiscal year 2023: https://lnkd.in/d-zSs7E   #PorscheSE #PorscheAutomobilHoldingSE #AnnualPressConference #AnnualReport #FinancialResults #AI #Innovation #Sustainability #Connectivity #QuantumComputing