Porsche has reported continued growth course in the first three months of its short fiscal year 2010 – August 1 to December 31 with 21,218 vehicles sales, up 86.4% although this compares with a relatively weak three months last year.
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Revenue amounted to EUR2.06bn (US$2.73bn), up 80.3%. The operating result reached EUR395m (US$522.8m) in the first three months, against EUR52m (US$68.8) last year. The group reported a good double-digit return on sales.
Porsche chairman Matthias Müller said the carmaker was optimistic for the coming year while finance chief Lutz Meschke added: “With our current order situation, we anticipate a good start to the new fiscal year 2011.”
Over the three months there has been strong demand for new Cayenne with 10,292 sales. Panemera sold 5,778 models, the 911 3,130 and Boxster 2,018.
In Europe, sales in the first three months of the short year rose by 63% to 7,082 vehicles; 2,318 in Germany. There was even stronger growth in the Americas, where sales rose 82% to 7,268 vehicles; 6,632 in North America. In Asia and the rest of the world, sales grew 126% to 6,868 fuelled by by strong growth in China.
Porsche manufactured 24,020 vehicles between August and October, 20% more than in the comparative prior-year period. Backed by the sales growth, the company has increased its workforce by 2.5% to 13,043 employees.
