Sports car maker Porsche has announced record revenue, sales, and profits for the 2005/2006 fiscal year ended 31 July. Revenue at the Porsche Group rose 10.6% to EUR7.27bn, up from EUR6.57bn the previous year.
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“Profits increased overproportionally [sic] versus revenue growth,” Porsche said in a statement, without elaborating. “This is attributable to special effects such as the sale of the car roof production company CTS Fahrzeug-Dachsysteme as well as effects resulting from the company’s share in Volkswagen. Profits continued to increase even without these special factors.”
Group sales were up 9.5% to a total of 96,794 cars (previous year: 88,379 units). This growth, Porsche said, was driven by new models; the 911 up 23.6% to 34,386 units; a record for a single year. Sales of the two most powerful models, the 911 Turbo and 911 GT3, started in June 2006 and the new 911 Targa follows in November.
Sales of the Boxster, recently redesigned, rose 55%.
Out of the record figure of 27,906 Boxter units, 14,002 of the cars sold were the new Cayman hardtop models. Sales of the more powerful Cayman S version started in November 2005, the “basic“ version followed just before the end of the fiscal year in July 2006.
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By GlobalDataCayenne SUV sales, however, slumped to 34,134 units (previous year: 41,884units). Porsche noted the model is now in its fourth model year and its policy is not to allow discounts commonly made by rivals, especially in the key US market, to shift older or slow-selling models.
Sales of the Carrera GT, which went out of production as planned in May 2006, totalled 368 units (previous year: 660 units).
Total production was 102,602 units, up 12.8% year on year.
Production of the 911 in Stuttgart-Zuffenhausen totalled 36,504 cars, an increase of 27.6%. The Boxster model series, assembled almost entirely in Finland due to high demand for other models, reached 30,680 units, an increase of 51%.
In Leipzig, production of the Cayenne fell 14.9% to 35,128 units, supplemented by 290 units of the Carrera GT (previous year: 715 units).
Despite all economic imponderables, Porsche said it is confident that it will achieve fiscal year 2005/2006’s “exceptionally high level” of sales in the current financial year, boosted by new models and expansion into new markets.
Its most rapidly growing markets include Russia, China and the Middle East.
The automaker is expecting its next major growth boost in 2009 when the four-door Panamera sports coupé is launched.
