Porsche withdraws guidance as it expects up to €20B impairment charge
) said on Friday that it was withdrawing its earnings forecast for the 2024 financial year, as it anticipated non-cash impairment losses on its investments in Volkswagen AG (OTC:But Porsche confirmed its net debt forecast of €5.0 billion to €5.5 billion as of year-end 2024.
"The expected impairments at Porsche SE will not have a cash effect and will not affect the forecasts communicated by Volkswagen AG and Porsche AG for the 2024 financial year"
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