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.
Reuters 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.
