Porsche in the capital market

Share capital and Shareholder composition

The subscribed capital of Porsche AG, in the form of no-par bearer shares, consists of a total of 911 million shares, of which 455.5 million are unlisted ordinary shares and 455.5 million are listed nonvoting preferred shares. Each share has a theoretical interest in the share capital of €1. Consequently, this amounts to €911 million.

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The interest of Volkswagen AG, which indirectly holds 75.0% minus one of the ordinary shares through Porsche Holding Stuttgart GmbH, remained unchanged in the reporting year, as did the interest of Porsche Automobil Holding SE, which indirectly holds 25.0% plus one of the ordinary shares. Of the nonvoting preferred shares, around 75.8% is indirectly held by Volkswagen AG via Porsche Holding Stuttgart GmbH, and around 24.2% is in free float (as of December 31, 2024).

Annual General Meeting

The Annual General Meeting 2024 was held on June 7, 2024. Held virtually for the first time, it was attended by around 2,000 shareholders, shareholder representatives, and media representatives. One hundred percent of the voting capital was represented. The shareholders approved all proposed resolutions unanimously. In particular, the items on the agenda included the distribution of a dividend of €2.30 per qualifying ordinary share and €2.31 per qualifying preferred share as well as the official approval of the actions of the members of the Executive Board and Supervisory Board. Furthermore, the shareholders approved the system of remuneration for the members of the Executive Board and the remuneration report. They also accepted the proposals of the Supervisory Board concerning the necessary Supervisory Board elections and the appointment of the auditor of the annual and consolidated financial statements.

Dialog with the capital market

The Executive Board of Porsche AG and members of the Investor Relations department maintained a constant, trusting dialog with investors and analysts in the reporting period. They joined national and international market players in a number of discussions and explained the business model of the company as well as its current development and outlook. The dialog took place by phone, on videoconferencing platforms, and in person either in Zuffenhausen or on the premises of the institutional investors themselves. After the publication of each set of current figures, the Executive Board of Porsche AG was involved in direct dialog with the most important investors at road shows in New York, London, Atlanta, Shanghai, and Frankfurt. Additionally, numerous other road shows and a series of interviews with analysts and investors were held at the headquarters of Porsche AG in Stuttgart-Zuffenhausen, at Porsche Experience Centers, and at the home of Porsche Exclusive Manufaktur. Likewise, international events were an opportunity to hold workshops with analysts and investors, including the dealer launch of the Macan in Singapore, the “Icons of Porsche” event in Dubai, and a special “Product Day”, held by Porsche at Silverstone, in the UK. These focused on both new products and new technology, as well as Porsche’s business in overseas and growth markets and its individualization strategy.