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Porsche achieves sustainable growth in 2020 financial year

Porsche AG set a new revenue record in the 2020 financial year: its value grew to 28.7 billion euros, surpassing the previous year’s figure by more than 100 million euros.

The previous year it was 4.4 billion euros before special items and 3.9 billion euros after. “The financial year 2020 was successful for Porsche – despite challenging circumstances,” says Oliver Blume, Chairman of the Executive Board of Porsche AG. “There are four reasons for this: our attractive product range, convincing electric models, our brand’s innovative strength and the determination with which we approached our crisis management. More than 20,000 units were delivered of the Taycan, the first all-electric Porsche sports car. This makes it the most successful electric sports car in its class. More than 50 international awards attest to this. Among other things, the Taycan was named the ‘world’s most innovative car’. Porsche stands for a robust core business, sustainable action, social responsibility and innovative technology.”

Annual & Sustainability Report 2020

Here you can find the Microsite of the Porsche Annual & Sustainability Report 2020. “We’re very proud of our business figures,” says Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT of Porsche AG.

Honing of the profitability programme

With this in mind, Porsche once again honed its ambitious “Profitability Programme 2025”. The most important thing about our profitability programme is that it’s not just a savings plan, it’s also a programme of innovation. It’s not about cutting costs. It’s about intelligently optimising all of our processes and developing new business ideas.

Impressions of the Annual Press Conference

“No employee needs to be concerned. We concluded a job security agreement that guarantees the jobs of our core workforce until 2030,” says Lutz Meschke. We’re not cutting any jobs or getting rid of any subsidiaries. On the contrary, we’re investing in our employees and in our future. This is paying off: Porsche increased its efficiency further and lowered its profit threshold. From this position we want to achieve our strategic goal of an operational return on sales of 15 per cent in 2021 as well, despite the difficult economic situation. As in the previous years, Porsche shared the company’s bounty with the workforce.

Porsche targeting a CO2-neutral balance sheet for 2030

In the face of continuing climate change, Porsche AG set itself another ambitious target: “Sustainability is an important part of our Strategy 2030 – holistically: economically, ecologically and socially,” says Oliver Blume.

World premiere of the Cross Turismo: the all-rounder among electric sports cars

In 2020, a third of all Porsche vehicles delivered in Europe were fully or partially electric; worldwide it was 17 per cent. In 2025, half of all new Porsche vehicles sold will have an electric motor; in 2030, more than 80 per cent of the new vehicles will be electric.

Robust delivery performance

The number of sports cars delivered to customers remained largely stable. The greatest demand was for the Cayenne, with 92,860 vehicles delivered. This is an increase of one per cent compared with the previous year.

China remains the largest single market: Porsche delivered 88,968 vehicles to Chinese customers in 2020 – an increase of three per cent compared with 2019. The Asia-Pacific, Middle East and Africa regions also continued to show positive growth overall, with 121,641 vehicles delivered there in 2020. Porsche delivered a total of 80,892 vehicles in Europe.

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Mar 21, 2021 at 05:48

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