Porsche AG has booked a nine-month operating profit of EUR1.51bn, up 25% year on year.
Chief financial officer Lutz Meschke said the “significant growth” was “yet further proof of our company’s high profitability” and “this result impressively underlines the sustainable quality of our growth trajectory, which we will continue throughout the full 2011 financial year. Our assumption is that 2011 sales revenue and operating profit will significantly exceed the previous year’s levels”.
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Turnover rose 20% to EUR7.93bn on sales up 26% to 85,872 vehicles. Deliveries rose 31% to 90,972 units.
Chairman Matthias Müller confirmed the full year 2011 forecast: “For the first time in its history, Porsche will sell over 100,000 vehicles.” Porsche is launching a new generation 911 line this December so “the course is set fair for growth”, he added.
So far this year, the Cayenne SUV remains Porsche’s most popular model with sales of 43,924 units, up 74%.
Vehicle production rose 38% to 93,799 units with final assembly of 67,432 at the Leipzig plant which is being expanded.
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