Record start for Porsche
Since going public in September 2022, Porsche has posted a very positive start to the year, with double digit growth for both group operating profit and group sales revenue.
Results posted showed sales revenues reached €10.10 billion for the period, a rise of 25.5% over the previous year’s figure of €8.04 billion. Group operating profit rose to €1.84 billion from €1.47 billion, and increase of 25.4%. With increases also seen in net cash flow and net cash flow margin, the car manufacturer also saw an 18% increase in deliveries to customers, taking the number of cars delivered to 80,767 for the quarter.
With a volatile market, the figures were said to be more than satisfying, “The significant growth is due to a number of factors: higher Group sales, continued positive pricing and mix effects. We keep driving our strategy of modern luxury forward, in the interest of our customers,” said Lutz Meschke, Deputy Chairman of the Executive Board and Board Member for Finance and IT at Porsche AG.
Image - Porsche
