Frequently asked questions

Which shares in Porsche AG were part of the Initial Public Offering (IPO)?

The share capital of Dr. Ing. h.c. F. Porsche Aktiengesellschaft (“Porsche”, “Porsche AG” or the “Company”) amounts to EUR 911,000,000 and is divided into 455,500,000 non-voting preferred shares (the “Preferred Shares”) and 455,500,000 ordinary shares (the “Ordinary Shares”). The Porsche AG IPO was limited to Preferred Shares only.

What are the differences between Preferred Shares and Ordinary Shares?

The Preferred Shares carry no voting rights in the Company’s annual shareholder meeting but holders of Preferred Shares will receive an additional dividend of EUR 0.01 per Preferred Share on top of every dividend that Porsche pays out to its shareholders.

Where are the Preferred Shares of Porsche AG listed?

The Preferred Shares of Porsche are listed on the regulated market (regulierter Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with simultaneous admission to the sub-segment of the regulated market with additional post-admission obligations (Prime Standard).

Are the Preferred Shares also listed on any other exchange in Germany or any other country?

At this point in time the Preferred Shares are not listed on other (regulated) stock exchanges.

Will the Preferred Shares be included in an index?

The potential index inclusion of the Company’s Preferred Shares depends on various parameters, in particular on the market capitalization, the free float and the trading volumes. Porsche AG was added to the MSCI World Index on October 12th, 2022. It was then admitted to the DAX on December 19th, 2022 under its fast-entry rules.

What is the difference between Porsche Automobil Holding SE and Porsche AG?

Porsche Automobil Holding SE (“Porsche SE”) is the holding company of the Porsche and Piëch families with investments in the areas of mobility and industrial technology listed on the Frankfurt Stock Exchange. In particular, it holds the majority of the ordinary shares in Volkswagen Aktiengesellschaft, one of the leading automobile manufacturers in the world and the parent company of the Volkswagen Group comprising AUDI AG, SEAT S.A., ŠKODA AUTO a.s., Porsche AG, TRATON SE, Volkswagen Financial Services AG, Volkswagen Bank GmbH as well as in numerous other companies in Germany and abroad.

Porsche AG is one of the world’s most successful luxury sports car manufacturers and among the most profitable automobile manufacturers (based on 2021 unit sales in the global luxury automotive segment; source: S&P Global, “S&P Global Mobility Light Vehicle Sales Forecast”, April 2022). Porsche believes that its iconic brand is synonymous with design and engineering heritage, racing legacy, performance, modern and sustainable luxury, prestige, innovation, technological achievement and reliability.

How is the dividend policy of Porsche AG? What will be the amount paid reg. the dividend for the fiscal year 2023?

Dr. Ing. h.c. F. Porsche intends to distribute an annual dividend in the medium term of around 50% of the group result after tax according to IFRS attributable to the shareholders of the company. However, this is subject to the statutory restrictions with regard to the distribution of profits and the available funds and subject to the prevailing market conditions and the economic situation at the time of the distribution. In accordance with the current statute of Porsche AG, an additional dividend of EUR 0.01 per preference share will be paid on the preference shares.

For the Fiscal Year 2023, a dividend of EUR 2.31 per preference share was distributed. This distribution corresponds to 40.7 percent of the group result after tax according to IFRS.

For 2023, withholding tax on dividends will not be retained by Porsche AG because the dividend 2024 (for 2023) will be paid from tax reserve fund.