Supervisory board and executive board propose change of fiscal year to the annual general meeting
Stuttgart. The supervisory board and the executive board of Porsche Automobil Holding SE, Stuttgart, have decided to propose to the next annual general meeting that the Porsche fiscal year be aligned with the calendar year. The company’s fiscal year currently runs from 1 August of one year to 31 July of the following year. If the annual general meeting on 29 January 2010 in the Porsche-Arena in Stuttgart approves the change, Porsche will have an abbreviated fiscal year in the coming year. It would be introduced following the close of the fiscal year 2009/10 ending 31 July 2010 for the period from 1 August 2010 to 31 December 2010. The year 2011 would then be the first fiscal year of Porsche to match the calendar year.