EQS-News

Dr. Ing. h.c. F. Porsche AG: First Annual General Meeting after the IPO - Porsche AG presents strong results - Seite 3

The preferred shares of Porsche AG have been traded on the regulated market of the Frankfurt Stock Exchange (Prime Standard) since 29 September, 2022. It was the biggest IPO in European history by market capitalization. Prior to the IPO, over 170,000 private investors had bought shares in Porsche AG. And just under half of them bought between 1 and 40 shares, so investing up to around € 3,300. “We're proud of that. Because it demonstrates that Porsche is a brand that speaks to people. Many people feel connected to Porsche. They all believed in us and put their trust in us. And they keep doing it. That makes us happy,” said Oliver Blume. 81 days later, on December 19, 2022, the company gained fast entry to the leading German stock index (DAX). “With our IPO last autumn, a great dream came true for us as well. It gave us new independence and greater flexibility,” emphasized Oliver Blume. “Yet we can also continue to tap into synergies with the Volkswagen Group. And that allows us to occupy what is, in our view, an almost unprecedented position in the international automotive industry.

 

Sajjad Khan to join Executive Board as of November 1, 2023

On November 1, 2023, Sajjad Khan will start his position as Executive Board Member for the new Car IT unit. Khan is an internationally recognized expert in the development of intelligent software in vehicles. A native of Pakistan with German citizenship, Khan served on the divisional board of Mercedes-Benz Cars until August 2021. As Chief Technology Officer, he was responsible for development in the areas of Connectivity, Autonomous, Shared & Services And Electric (CASE). Previously, Khan was with the BMW Group, where he led the company’s worldwide Connected Drive efforts as Vice President. Oliver Blume: “We are all delighted to have such an experienced and well-connected expert in the role. Together, we will implement our Car IT strategy with drive and customer-focus.”


IR Kontakt: 

Bjoern Scheib, Head of IR    

[e-mail]

 

Further information, as well as film and photo material, is available in the Porsche Newsroom: newsroom.porsche.de

 

 

Disclaimer

 

This press release contains forward-looking statements and information that reflect Dr. Ing. h.c. F. Porsche AG's current views about future events. These statements are subject to many risks, uncertainties, and assumptions. They are based on assumptions relating to the development of the economic, political, and legal environment in individual countries, economic regions, and markets, and in particular for the automotive industry, which we have made on the basis of the information available to us and which we consider to be realistic at the time of publication. If any of these risks and uncertainties materializes or if the assumptions underlying any of the forward-looking statements prove to be incorrect, the actual results may be materially different from those Porsche AG expresses or implies by such statements. Forward-looking statements in this press release are based solely on the circumstances at the date of publication. We do not update forward-looking statements retrospectively. Such statements are valid on the date of publication and can be superseded. This information does not constitute an offer to exchange or sell or an offer to exchange or buy any securities.