Porsche AG said it achieved record deliveries, sales and profit in fiscal 2013.
Deliveries rose 15% year on year to 162,145 vehicles, revenue climbed 3% to EUR14.3bn. Operating profit rose 6% to EUR2.58bn.
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Headcount also reached a record, increasing 11%to 19,456 people.
CEO Matthias Müller told the AGM the sports car manufacturer “had not only continued to grow profitably, but had also done full justice to its role as technological leader by developing new technologies and launching fascinating products”.
Finnace chief Lutz Meschke emphasised Porsche’s “healthy cost structure and the long-term high earnings power were reflected in an operating return on sales of 18%”.
Müller and Meschke said Porsche would continue to grow in the current fiscal year 2014. In the first two months of the year, worldwide deliveries increased 3% to 23,286 vehicles. Müller said “this positive trend will intensify in the course of 2014 and the market launch of the Macan in April will further increase the company’s sales”.
Meschke noted the Macan launch carried higher personnel costs and depreciation charges and that Porsche would also have to make considerable advance outlays on modern drive concepts in order to meet more stringent future emission standards worldwide.
He added that, despite this, “we are ideally equipped for the current fiscal year. Assuming that, despite unresolved structural issues, sales in Europe continue to stabilise, our goal in 2014 is to again achieve operating profit at least on a par with that of the prior year.”
