STUTTGART, Oct 25 — German luxury carmaker Porsche on Wednesday posted a rise in operating profit and sales revenue for the nine-month period to September, reported dpa news.
For the period, the automaker registered operating earnings of €5.5 billion euros, higher than the €5 billion recorded for the same period last year.
Operating return on sales was at 18.3 per cent compared to last year’s 18.9 per cent.
Porsche delivered 242,722 vehicles in the nine months, up from 221,512 vehicles delivered a year ago.
Sales revenue rose to €30.13 billion from €26.75 billion in 2022.
The company confirmed its full-year 2023 targets.
For the full year, the group still expects operating return on sales to be in the range of 17 per cent to 19 per cent. This forecast is based on the assumption of sales revenue to be in the range of €40 billion to €42 billion.
“Across all model lines, our vehicles are in high demand worldwide. At the same time, exclusivity and individualisation of our products are steadily increasing,” said Oliver Blume, chairman of the Executive Board at Porsche AG.
“We benefit from a robust positioning in key global regions. We have seen above-average growth in Europe, North America as well as in the ‘Overseas and Emerging Markets’ region,” he said in a statement.
— Bernama-dpa
