Navigation
Porsche Dealer

Porsche revenue increases by 4% to $14.24 billion (EUR 12.3 billion)

Updated December 4, 2018

Porsche AG has seen a strong increase in profit, revenue, vehicle deliveries, and employees despite the economic and political challenges in the first half of 2018.

There was one percent increase in operating result to $ 2.54 billion (EUR 2.2 billion), a four percent rise in revenue to $14.24 billion (EUR 12.3 billion) and 17.5% operating return on sales. In the first six months of 2018, there was a 3% increase in vehicle deliveries to 130,598 and the overall workforce grew by about 5% to 30,785 employees.

Porsche AG Chairman, Oliver Blume said that “Our performance in the first half of the year has given us a strong basis for a successful 2018 financial year”

The company would continue to invest in Electrification, connectivity, and digitalization for the future growth of the brand. The launch of the Taycan would set a benchmark in the future of mobility. The Porsche 911 has seen a good demand in the sports car category.

Lutz Meschke, the CFO for the automaker believes that the company would have to adapt to the political and economic changes in order to achieve their estimated revenue. Porsche aims at achieving a 15 percent operating return on sales.   

The Porsche Panamera has seen the greatest increase in terms of vehicle deliveries and 20,500 units of the four-door had been delivered by the end of June which is double the total during the same time last year. There has been 28 percent growth with the 911 amounting to 21,400 units. The Macan seen the highest vehicles deliveries with 46,600 and the Cayenne had 28,700 vehicles delivered. China remains the best market with 33,363 vehicles delivered far ahead of the USA which had 29,421 vehicles delivered.

 

Categories:

Tags: , , , ,

Eric Ott
About Eric Ott

I have loved cars for as long as I can remember. I grew up on Hotwheels, die-cast model cars, Midnight Club and Forza. I've been shooting cars and car meets as a hobby for a couple of years now which you can find here: https://www.flickr.com/photos/145407467@N06/ I spend most of my time editing most of the posted content for AutoWise but I do occasionally write articles as well. '07 Ford Ranger – 2012 Mazda3 Hatchback – 2016 Subaru Crosstrek

The President of USA announces Chinese rollback of auto tariffs

Volvo Cars Tech Fund Officially Invests In the start-up Freewire

citroen

Citroen appoints Ed Hickin as new head of business sales

Porsche-cayenne

Porsche, the first German automaker to quit making diesel vehicles

“The Monza”, retro-styled supercars to be launched by Ferrari on October 2nd

Gadkari

Indian government exempts all permits for  electric and alternative fuel vehicles

EQC

Daimler CEO outlines its electric car plans at the Mercedes EQC unveil

Toyota reveals the Touring Sports version of the Corolla

Ford Lincoln dealerships

Ford is looking to cut 12% of Jobs and end production of many of its vehicles in Europe

bugatti-divo

Bugatti sold out 40 units of the $5.8 million supercar just after its reveal

At Autowise, we envision ourselves as not just a automobile blog or an automobile news website, instead we see our website as a platform to connect all automobile enthusiast and provide them with all the information they need.

Office Address: AutoWise, 809 N 30th St. Rogers, AR 75756
Emailcontact@autowise.com

© Copyright 2010 - 2018 AutoWise. All rights reserved.