Porsche booked further rises in vehicle deliveries, revenue and operating profit in the first quarter of 2018.
Deliveries rose 6% year on year to 63,500 vehicles, generating revenue up 8% to EUR5.9bn.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Operating profit rose 1% to EUR976m while operating profit margin was 16.4%.
"This successful first quarter creates a solid basis for the coming months," said finance chief Lutz Meschke, noting increased volume, better mix and positive development outside the vehicle business – such as aftersales and consulting services provided by MHP and Porsche Consulting – all helped the Q1 results.
"On the other hand, high levels of investment in the future created financial pressures, which were exacerbated by unfavourable exchange rates," Porsche said in a statement.
Chairman Oliver Blume 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."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
