Porsche sales rose 13% to 23,442 vehicles in the first quarter of 2011. Turnover was EUR2.28bn, up 10%. Operating profit more than doubled to EUR496m.

“First quarter progress was outstanding. Porsche continues on a profitable growth trajectory,” said chairman Matthias Müller.

Cayenne SUV sales grew 62% to 11,487.

In Europe, sales increased 25% to 8,099 vehicles. In America, sales rose 30% to 7,103 units, with 6,341 sold in North America. 8,240 units (versus 8,772 a year earlier) were sold in Asia and the rest of the world.

Between January and March, Porsche produced 31,366 vehicles, an increase of 98%.

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