Porsche has seen a further increase in its deliveries, revenue and operating result in the first three months of the 2018 financial year. The sports car manufacturer delivered around 63,500 vehicles (+6%), while revenue rose by 8% to 5.9 billion euro. The operating result totalled 976 million euro (+1%) and the operating profit margin was 16.4%.
"This successful first quarter creates a solid basis for the coming months," said Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche AG. Meschke believes that increased volumes, mix effects and positive development in areas beyond the vehicle business - such as After Sales and consulting services provided by MHP and Porsche Consulting - all made a positive contribution to the result.
"This successful first quarter creates a solid basis for the coming months," said Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche AG. Meschke believes that increased volumes, mix effects and positive development in areas beyond the vehicle business - such as After Sales and consulting services provided by MHP and Porsche Consulting - all made a positive contribution to the result.
Oliver Blume, Chairman of the Executive Board of Porsche AG, said: "The very good result reaffirms our product strategy. The new generations of the Panamera and Cayenne have proven popular with our customers, as have our new 911 GT models."
The company’s strategic profit target of 15% should again be achieved for the full financial year 2018. Porsche expects the next boost in sales to come when the Mission E, the first purely electric sports car, hits the market.
The company’s strategic profit target of 15% should again be achieved for the full financial year 2018. Porsche expects the next boost in sales to come when the Mission E, the first purely electric sports car, hits the market.
