Porsche AG’s first-half earnings reportedly increased 6.3% as sales of the Cayenne sport-utility vehicle grew and the company introduced the new 911 sports car line.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


According to Bloomberg News, Porsche’s net income for the six months to January 31 rose to €127.1 million ($US168.6 million) from €119.6 million a year earlier.


The report noted that the car maker hiked its profit by 1.7% from the preliminary €125 million announced in January.


Bloomberg News noted that chief executive Wendelin Wiedeking introduced new versions of the 911 and Boxster sports cars in 2004 to win buyers and reach a target of selling 100,000 vehicles annually in three years.


Porsche, which has increased profit 10 years in a row, expects fiscal-2005 vehicle sales to rise to more than 80,000 units, and will introduce a sports car called the Cayman, based on the Boxster, later this year, the report added.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“With the new models, there is a lot of potential beyond 80,000 units this year,” Erik Burgold, an analyst at BHF- Bank in Frankfurt, told Bloomberg News, adding: “With the new Cayman sports car and another possible model coming, it means higher volume with the same fixed costs.”


The report said Porsche’s operating profit as a proportion of sales is the highest in the industry at 16% for the year ended July 31, compared with 9.3% at Toyota Motor, for the year ended March 31.


Bloomberg News said Porsche’s sales target of at least 80,000 cars and sport-utility vehicles for fiscal 2005 is 4.1% more than the 76,827 units sold the previous year.


Porsche reportedly said first-half sales rose 3.9% to €2.97 billion from €2.85 billion, up 0.7% from a preliminary €2.95 billion.


Analysts surveyed by Bloomberg News had expected first-half net income of €128 million and sales of €2.97 billion.