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involved in all phases of the process. Internal control system The Porsche AG Group’s Internal Control System (ICS), which is a key element of the RMS, comprises processes, guidelines and mechanisms that safeguard and monitor operational processes, financial reporting and compliance with laws and (internal) regulations. As a central corporate management tool, it helps to increase the transparency of processes, ensure the necessary process stability and the clear assignment of responsibilities. Sustainability-related aspects are also taken into account. Monitoring is based on defined process risks, which are managed through recurring control activities. ‍ The ICS consists of various sub-processes that build on each other in the form of a cy...

kets with 58,018 vehicles (up 1.3%) and Germany with 30,939 vehicles (up 1.0%) recorded growth. The region China incl. Hong Kong, on the other hand, reported a decrease of 32.7% to 53,421 vehicles. This was again due to the challenging market situation and the focus on value-based sales in this region. The Porsche AG Group countered the decline in the region China with an increased focus on sales in the other regions. The result is a globally balanced sales structure. Vehicle sales of the Porsche AG Group Units 2024 2023 911 Heading 1 Heading 2 Heading 3 Heading 4 Heading 5 Heading 6 Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostr...

uropean economy grew by 0.8% (2023: up 0.5%), slightly stronger than in the prior year. Development in individual countries in Northern and Southern Europe was mixed. Due to falling inflation rates, the European Central Bank has lowered its key interest rates in four steps since June 2024. In 2024, the economies in Central and Eastern Europe reported a slight year-on-year increase in growth of 3.2% (2023: up 3.1%). In the USA, economic output grew at a slower pace of 2.8% (2023: up 2.9%) than the prior year. The US Federal Reserve continued to pursue its restrictive monetary policy for the time being, as inflation remained high and the labor market tight. The key interest rate was cut for the first time in September of the current reporting...

conomic growth in Western Europe in 2025 is expected to be similar to the reporting year and inflation is expected to fall on average. Interest rate cuts by the European Central Bank are intended to support the economic situation in the eurozone. The Porsche AG Group anticipates a slightly higher growth rate for Central Europe with persistently high but less dynamic price increases. A slower pace of economic growth is expected in Eastern Europe. ‍ North America excl. Mexico According to estimates by the Porsche AG Group, economic growth in the USA will continue to be robust, albeit weaker than in the fiscal year 2024 – with a corresponding impact on the labor market. Despite an expected slight increase in the inflation rate, the US Federal ...

report is available for download . The strategy fields of the Porsche AG Group in connection with governance topics Supply chain responsibility The Porsche AG Group’s responsibility does not end at the factory gates, which is why it has placed a strategic focus on the sustainability-oriented management of its direct supplier relationships. It is also looking to gradually increase transparency in the deeper value-added stages of the supply chain. This is still one of the greatest challenges and, at the same time, a prerequisite for managing sustainability risks, especially in raw material extraction. The Porsche AG Group also engages in partnership projects to improve living and working conditions in selected commodity-exporting countries. ...

G Group wants to actively shape the future of mobility by developing innovative products and groundbreaking drive concepts with significantly lower CO₂ emissions. In the reporting year, 27% of new vehicles delivered to customers were electrified—whether they were all-electric models or plug-in hybrids. The Porsche AG Group’s vehicle product portfolio aims to significantly increase this proportion. The ramp-up of electrification depends largely on customer demand, the development of electromobility in the different regions of the world and regulatory incentive schemes. For the transitionphase, the Porsche AG Group is positioning itself as flexibly as possible with a mix of combustion-engined, plug-in hybrid and all-electric vehicles. ‍ In th...

en subsumed under the Transformation cross-functional strategy. These four cross-functional strategies are at the heart of the Porsche AG Group’s strategy and are based on the two strategic elements “Road to 20” and Quality. Each of these cross-functional strategies has three strategic focus topics. These focus topics are intended to underscore the strategic direction and increase transparency. Together, they contribute to the group’s corporate goals. Two members of the Executive Board are responsible for each of the cross-functional strategies as overseers. Cross-functional teams implement the cross-functional strategies with their strategic focus topics. The Customer cross-functional strategy focuses on the relationship with our customers...

purchased merchandise of €15,413 million (2023: €16,141 million) and to expenses for purchased services of €3,087 million (2023: €2,852 million). The 2.6% decrease in cost of materials is in line with the development of sales revenue. ‍ Other operating expenses of €4,840 million (2023: €4,580 million) include exchange rate losses of €131 million (2023: €399 million). The increase in other operating expenses is mainly driven by higher costs in connection with guarantees and losses from the disposal of non-current assets. This was partly offset by lower expenses in connection with exchange rate fluctuations. ‍ The investment result comprises income from equity investments of €441 million (2023: €689 million), income from profit and loss tran...

enhouse gas emissions and limited attempts to reduce them. This scenario is an important way of determining what production sites have to be adapted to physical climate risks. The scenarios were developed by the Intergovernmental Panel on Climate Change (IPCC). Production 4.0 Porsche Production 4.0 is the latest stage in the development of an automotive factory, featuring increased automation of individual manufacturing stages and networked production and logistics by means of cloud solutions and artificial intelligence. It is centered on production planning, order management, shop floor management for individual manufacturing stages, logistics management, and vehicle delivery. Premium Platform Electric (PPE) Premium Platform Electric (PPE)...

ts have paid off. ‍ By comprehensively modernizing and rejuvenating our product portfolio, we have paved the way for success in the coming years. We are in a strong position to keep on exciting and inspiring our customers. Of the new vehicles delivered to customers in 2024, 27 percent were either all-electric or plug-in hybrids. Our product portfolio aims to significantly increase this proportion. The ramp-up of electrification depends largely on customer demand, the development of electromobility in the different regions of the world, and regulatory incentive schemes. For the transition phase, we are positioning ourselves as flexibly as possible with a mix of combustion-engined, plug-in hybrid and all-electric vehicles. ‍ The year 2025 wil...

“liquid organization”: no silos, reduced hierarchy, and lots of content. This type of organization allows us to respond more dynamically and quickly to market changes and technological developments. You’re working with partners more and more these days, especially in the digital sphere. What are you hoping to achieve? Dr. MICHAEL STEINER Partnerships are an opportunity to increase speed, improve competitiveness, and develop expertise internally. To advance at a faster pace, it sometimes makes sense to work with external partners. Especially in the digital sphere, there’s no need to redevelop everything ourselves from the ground up. Whenever the opportunity presents itself to benefit and learn from the expertise of others, that’s what we do....

cessary. The Executive Board and the Supervisory Board of Porsche AG base their work on the principles, recommendations, and suggestions of the Code. For the Executive Board and Supervisory Board of Porsche AG, good corporate governance is a prerequisite and reflection of responsible corporate governance. They consider this to be a key prerequisite for achieving a lasting increase in the company’s value. It helps strengthen the trust of our shareholders, customers, workforce, business partners, and investors in our work and enables us to meet the steadily increasing demand for information from national and international stakeholders. The Executive Board and Supervisory Board therefore aim to manage and monitor the company in line with natio...

sales figures. After so many record-breaking years, you had to accept a setback in terms of the financial results. It was an extremely challenging year for the European automotive industry as a whole in 2024. We were expecting that, but the situation worsened throughout the year. We are experiencing a massive drop in demand in the luxury segment in China. Plus, costs have increased in many areas, especially in the supply chain. Still, we followed through with our year of product launches as planned, and we made great strides in the development of innovative products and services. Considering the situation we find ourselves in, what we accomplished is nothing short of spectacular. And all credit goes to our team for this extraordinary achiev...

enhouse gas emissions and limited attempts to reduce them. This scenario is an important way of determining what production sites have to be adapted to physical climate risks. The scenarios were developed by the Intergovernmental Panel on Climate Change (IPCC). Production 4.0 Porsche Production 4.0 is the latest stage in the development of an automotive factory, featuring increased automation of individual manufacturing stages and networked production and logistics by means of cloud solutions and artificial intelligence. It is centered on production planning, order management, shop floor management for individual manufacturing stages, logistics management, and vehicle delivery. Premium Platform Electric (PPE) Premium Platform Electric (PPE)...

enhouse gas emissions and limited attempts to reduce them. This scenario is an important way of determining what production sites have to be adapted to physical climate risks. The scenarios were developed by the Intergovernmental Panel on Climate Change (IPCC). Production 4.0 Porsche Production 4.0 is the latest stage in the development of an automotive factory, featuring increased automation of individual manufacturing stages and networked production and logistics by means of cloud solutions and artificial intelligence. It is centered on production planning, order management, shop floor management for individual manufacturing stages, logistics management, and vehicle delivery. Premium Platform Electric (PPE) Premium Platform Electric (PPE)...

enhouse gas emissions and limited attempts to reduce them. This scenario is an important way of determining what production sites have to be adapted to physical climate risks. The scenarios were developed by the Intergovernmental Panel on Climate Change (IPCC). Production 4.0 Porsche Production 4.0 is the latest stage in the development of an automotive factory, featuring increased automation of individual manufacturing stages and networked production and logistics by means of cloud solutions and artificial intelligence. It is centered on production planning, order management, shop floor management for individual manufacturing stages, logistics management, and vehicle delivery. Premium Platform Electric (PPE) Premium Platform Electric (PPE)...

enhouse gas emissions and limited attempts to reduce them. This scenario is an important way of determining what production sites have to be adapted to physical climate risks. The scenarios were developed by the Intergovernmental Panel on Climate Change (IPCC). Production 4.0 Porsche Production 4.0 is the latest stage in the development of an automotive factory, featuring increased automation of individual manufacturing stages and networked production and logistics by means of cloud solutions and artificial intelligence. It is centered on production planning, order management, shop floor management for individual manufacturing stages, logistics management, and vehicle delivery. Premium Platform Electric (PPE) Premium Platform Electric (PPE)...

enhouse gas emissions and limited attempts to reduce them. This scenario is an important way of determining what production sites have to be adapted to physical climate risks. The scenarios were developed by the Intergovernmental Panel on Climate Change (IPCC). Production 4.0 Porsche Production 4.0 is the latest stage in the development of an automotive factory, featuring increased automation of individual manufacturing stages and networked production and logistics by means of cloud solutions and artificial intelligence. It is centered on production planning, order management, shop floor management for individual manufacturing stages, logistics management, and vehicle delivery. Premium Platform Electric (PPE) Premium Platform Electric (PPE)...

enhouse gas emissions and limited attempts to reduce them. This scenario is an important way of determining what production sites have to be adapted to physical climate risks. The scenarios were developed by the Intergovernmental Panel on Climate Change (IPCC). Production 4.0 Porsche Production 4.0 is the latest stage in the development of an automotive factory, featuring increased automation of individual manufacturing stages and networked production and logistics by means of cloud solutions and artificial intelligence. It is centered on production planning, order management, shop floor management for individual manufacturing stages, logistics management, and vehicle delivery. Premium Platform Electric (PPE) Premium Platform Electric (PPE)...

enhouse gas emissions and limited attempts to reduce them. This scenario is an important way of determining what production sites have to be adapted to physical climate risks. The scenarios were developed by the Intergovernmental Panel on Climate Change (IPCC). Production 4.0 Porsche Production 4.0 is the latest stage in the development of an automotive factory, featuring increased automation of individual manufacturing stages and networked production and logistics by means of cloud solutions and artificial intelligence. It is centered on production planning, order management, shop floor management for individual manufacturing stages, logistics management, and vehicle delivery. Premium Platform Electric (PPE) Premium Platform Electric (PPE)...

enhouse gas emissions and limited attempts to reduce them. This scenario is an important way of determining what production sites have to be adapted to physical climate risks. The scenarios were developed by the Intergovernmental Panel on Climate Change (IPCC). Production 4.0 Porsche Production 4.0 is the latest stage in the development of an automotive factory, featuring increased automation of individual manufacturing stages and networked production and logistics by means of cloud solutions and artificial intelligence. It is centered on production planning, order management, shop floor management for individual manufacturing stages, logistics management, and vehicle delivery. Premium Platform Electric (PPE) Premium Platform Electric (PPE)...

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enhouse gas emissions and limited attempts to reduce them. This scenario is an important way of determining what production sites have to be adapted to physical climate risks. The scenarios were developed by the Intergovernmental Panel on Climate Change (IPCC). Production 4.0 Porsche Production 4.0 is the latest stage in the development of an automotive factory, featuring increased automation of individual manufacturing stages and networked production and logistics by means of cloud solutions and artificial intelligence. It is centered on production planning, order management, shop floor management for individual manufacturing stages, logistics management, and vehicle delivery. Premium Platform Electric (PPE) Premium Platform Electric (PPE)...

enhouse gas emissions and limited attempts to reduce them. This scenario is an important way of determining what production sites have to be adapted to physical climate risks. The scenarios were developed by the Intergovernmental Panel on Climate Change (IPCC). Production 4.0 Porsche Production 4.0 is the latest stage in the development of an automotive factory, featuring increased automation of individual manufacturing stages and networked production and logistics by means of cloud solutions and artificial intelligence. It is centered on production planning, order management, shop floor management for individual manufacturing stages, logistics management, and vehicle delivery. Premium Platform Electric (PPE) Premium Platform Electric (PPE)...