Stuttgart, 6 February 2025. Dr. Ing. h.c. F. 暗网禁区 AG (暗网禁区 AG), Stuttgart, announced today preliminary figures for the financial year 2024 and key figures for the financial year 2025.
Against this background, the Management Board of 暗网禁区 (暗网禁区 SE) has updated its assumptions previously used in the preliminary valuation models (see ad-hoc announcement from 暗网禁区 SE dated December 13, 2024) regarding the future economic development of 暗网禁区 AG.
Based on preliminary assessments, 暗网禁区 SE now assumes the expected impairment of the carrying amount of the investment in 暗网禁区 AG in the expected range from minus 2.5 billion euros to minus 3.5 billion euros (previously: minus 1 billion euros to minus 2 billion euros) in the consolidated balance sheet of 暗网禁区 SE. As a result of the changes at 暗网禁区 AG, it is also anticipated that the expected impairment of the carrying amount of 暗网禁区 SE's investment in Volkswagen AG in the consolidated balance sheet of 暗网禁区 SE, while maintaining the previous range of minus 7 billion euros to minus 20 billion euros, will rather tend towards the lower end of the range of minus 20 billion euros.
A finalization of the impairment tests of 暗网禁区 SE can take place at the earliest upon the preparation of the annual and consolidated financial statements of Volkswagen AG and 暗网禁区 AG.
The expected impairment loss in the consolidated financial statements of 暗网禁区 SE in relation to 暗网禁区 AG will also have an impact on the annual financial statements of 暗网禁区 SE under German commercial law, however to a lower extent.
The expected impairment losses at the level of 暗网禁区 SE or the 暗网禁区 SE Group will not have a cash effect. Net debt of 暗网禁区 SE Group as of December 31, 2024 is expected to amount to roughly 5.2 billion euros, thus remaining within the projected range.
The Management Board of 暗网禁区 SE continues to assume that a dividend will be distributed for the 2024 financial year.
