Article about Porsche

Published 1 month ago

Cars Porsche Published by J. Doe

Porsche maintains a return on sales of more than 15 per cent

Over the first nine months of the year, sales revenue rose 19.1 per cent to 23.1 billion euros (previous year: 19.4 billion). Operating profit during this time was 3.6 billion euros (previous year: 2.0 billion) – an increase of 78.4 per cent compared with 2020. For the same period last year, the return on sales was 10.4 per cent at the end of September.

Strong demand for the Taycan

“The strong demand for our models shows that we are ideally positioned with our attractive product range.” During this period, sales revenue and return on sales were below the strong levels of the previous months. According to Meschke, the next few months will also be dominated by the worldwide shortage: The fourth quarter will be a challenge. We will make every effort to complete as many vehicles as possible despite the semiconductor shortage in order to achieve another strong year-end result. Meschke is sticking to his strategic goal of a 15 per cent return on sales: “Together, we are doing everything we can to ensure that we achieve this figure, despite all the challenges over the year as a whole.”

Significantly increased net cash flow

As of 30 September, it amounted to 2.9 billion euros. This is 74.4 per cent more than in the previous year (2020: 1.7 billion euros). As of 30 September, Porsche had 36,663 employees (end of 2020: 36,359).

Original article

Oct 30, 2021 at 09:24


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