Porsche saw a strong rise in both vehicle sales and revenues for the first 10 months of its business year, boosted by its successful Cayenne offroader, the luxury carmaker reportedly said on Wednesday.

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According to Reuters, Porsche said revenues in the period climbed 14% to $6.16 billion and earnings grew, though it declined to specify the rise in profits or provide a comparison figure.


The company, which will launch a version of its core 911 model in most of Europe on July 17, reportedly reiterated it expected higher revenues, pre-tax and net profits on sales of about 75,000 vehicles in the full year, which ends in July.


“The figures are a confirmation that Porsche is on the road to reaching its targets, but they were not a positive surprise though,” Henrik Lier, analyst at WestLB, told the news agency.


Reuters said sales of its 911, Boxster and Cayenne models increased 18.2% to 61,496 vehicles in the 10 months from August to May, while production rose by 14.9% to 66,454 units.

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Deliveries of the outgoing 911 sports car reportedly fell by 19.9% to 18,986 vehicles, while Boxster sales dropped 34.3% to 10,490 units of the entry-level roadster.


Reuters said demand for the Cayenne offroader surged to 31,896 vehicles from 12,343 in the same period of the previous year and Porsche also sold 124 Carrera GTs, its super-sports car.


The carmaker posted pre-tax profits of €933 million and revenues of 5.58 billion in the last fiscal year, while delivering 66,803 vehicles to customers, the report said, adding that Porsche reported this year that it had earned €211.3 million in the first half of 2003/04, a rise of 13.8% compared with a year earlier.