Porsche AG approves €101 dividend per preferred share
At the first Annual General Meeting of Dr. Ing. h.c. F. Porsche AG, the shareholders approved the proposal of the Executive Board and Supervisory Board to distribute a dividend of €101 per preferred share for the 2023 financial year.
This corresponds to a total dividend payment of €915.5 million. The dividend will be paid out on June 2, 2024.
Porsche AG had a successful 2023 financial year, with revenue increasing by 11% to €39.6 billion and operating profit rising by 25% to €6.5 billion. The company also increased its workforce by 13% to 43,286 employees.
The strong financial performance was driven by increased demand for Porsche's sports cars, particularly the Cayenne and Macan SUVs. The company also benefited from the launch of the new Taycan electric sedan.
Looking ahead, Porsche AG is confident about the future. The company plans to invest heavily in new technologies, including electric vehicles and autonomous driving. Porsche AG is also expanding its global presence, with plans to open new dealerships in China and other emerging markets.
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