Revenues at Porsche lagged car sales in the 10 months to May due to unfavourable exchange rates and a poorer sales mix of models, the automaker told Reuters on Friday, while reaffirming full-year targets.
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Turnover rose 5.4% to €5.34 billion ($US6.51 billion), while unit sales increased 13.3% to 69,685 vehicles, the report said.
“Earnings furthermore turned out well once again,” the company said in a statement cited by Reuters.
A spokesman for the company declined to clarify further to the news agency whether that meant profits rose. He said though that more sales of lower-priced 911 sports cars and a higher share of entry level V6 Cayenne offroaders contributed to the lag in revenue growth.
Reuters said Porsche, which boasts the fattest margins across the car-making industry, continued to forecast car sales of more than 80,000 units, revenue growth and a “continued high level of earnings” for the current fiscal year ending in July.
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By GlobalDataReuters said deliveries of Porsche’s iconic sports 911 sports car during the first 10 months to May increased 21% to 22,973 units, while 33,997 Cayenne offroaders left dealer lots, 6.6% more than a year ago.
The spokesman told the news agency roughly a third of all Cayennes sold were equipped with the lower-priced V6 engine instead of the V8 version.
Sales of the Boxster, Porsche’s mid-engine roadster, rose 16% to 12,166 units, while the company delivered 549 Carrera GT super-sports cars versus 124 last year, Reuters said.
