Caption: Porsche's nine-month sales revenue improves. (picture alliance/dpa/Marijan Murat)
German luxury carmaker Porsche posted a rise in operating profit and sales revenue for the nine-month period to September. 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 of sales was at 18.3% compared to last year's 18.9%.
Porsche delivered 242,722 vehicles for 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 full year, the group still expects operating return on sales to be in the range of 17% to 19%. 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 individualization 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.
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