PORSCHE AUTOM.HLDG VZO
PORSCHE AUTOM.HLDG VZO
- EUR (-)
- 15 min delayed data - Germany Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: PAH3
ISIN: DE000PAH0038

DGAP-Adhoc: Porsche Automobil Holding SE: Expected settlement between Volkswagen and the US Department of Justice will affect group result of Porsche SE for the fiscal year 2016

  • 97

DGAP-Ad-hoc: Porsche Automobil Holding SE / Key word(s): Forecast
Porsche Automobil Holding SE: Expected settlement between Volkswagen and the US Department of Justice will affect group result of Porsche SE for the fiscal year 2016

10-Jan-2017 / 19:43 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Volkswagen AG, Wolfsburg, has confirmed in an ad-hoc statement that it is in advanced discussions with the US Department of Justice and the U.S. Customs and Border Protection. The aim of these discussions is to reach a settlement agreement regarding the settlement of certain criminal investigations and certain civil fines in connection with the Diesel issue in the USA.

As a consequence of the capital stake of currently 30.8 percent Porsche Automobil Holding SE, Stuttgart ("Porsche SE"), holds in Volkswagen AG, the financial consequences of this expected settlement will also negatively affect the group result of Porsche SE for the fiscal year 2016.

The concrete implications on the result of the Porsche SE group for the fiscal year 2016 can only be reliably assessed once Volkswagen group has conclusively evaluated the financial liabilities resulting from this settlement. At this point in time it cannot be ruled out that the Porsche SE group result after tax may fall below the previously communicated corridor between Euro 1.4 bn. and Euro 2.4 bn.

Contact:
Frank Gaube
General Manager Investor Relations
+49-711-911-11046
[email protected]


10-Jan-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Porsche Automobil Holding SE
Porscheplatz 1
70435 Stuttgart
Germany
Phone: +49 (0)711 911-11046
Fax: +49 (0)711 911-11819
E-mail: [email protected]
Internet: www.porsche-se.com
ISIN: DE000PAH0038
WKN: PAH003
Listed: Regulated Market in Berlin, Frankfurt (General Standard), Munich, Stuttgart; Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Tradegate Exchange

 
End of Announcement DGAP News Service

534711  10-Jan-2017 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=534711&application_name=news&site_id=centralchart
EQS Group
EQS Group

EQS Group is a leading international technology provider for Digital Investor Relations, Corporate Communications and Compliance. More than 8,000 companies worldwide trust EQS’s products and services to securely, efficiently, and simultaneously fulfil complex national and international disclosure and compliance requirements, and to reach stakeholders globally.