Porsche AG boosted sales by 28.1% to EUR10.15bn in the first nine months of the 2012 fiscal year on unit volume up 20.2% to 103,245 vehicles. Operating profit rose 22.9% to EUR1.88bn.
President and CEO Matthias Müller said the “thriving business development is proof for the great appeal of the sports cars and the Porsche brand alike. With an operating profit margin of 18.5% being achieved, Porsche AG is taking a pole position in the automotive industry.”
Upcoming launches of more models such as all-wheel drive versions of the recently fully redesigned 911 Carrera would ensure Porsche maintained its “leading position”, Müller claimed.
CFO Lutz Meschke insisted the luxury SUV and sportscar maker was “staying on its road to success despite the economic headwinds”.
“We have almost matched the results of the entire previous year after only nine months in 2012. And we definitely expect to outperform the 2011 record year in terms of sales, revenue and operating profit. That’s an excellent result seen against the backdrop of the ever cloudier market environment in western Europe.
“Now it’s become clear just how important a systematic ‘internationalisation’ of our business is,” he added.
The high earning power demonstrated strict cost discipline.
“The scalable cost structure with comparatively low fixed costs constitutes a crucial success factor for Porsche,” he added.
Production rose 18.4% to 111,076 vehicles in the first nine months of 2012.