Porsche Group full year revenue rose 7.7% to EUR40.5bn while operating profit was up 7.6% to EUR7.3bn.

Operating return was flat at 18% with the automaker noting that was “despite disruptions to global supply chains, significant inflation and exceptionally high investments in digitalisation, product and innovation portfolios and the brand experience”.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

“Our strong results are due to the high demand for our attractive products and our strict cost discipline,” said finance head Lutz Meschke.

Chairman Oliver Blume promised: “2024 is going to be a [record] year of product launches.”

Porsche expects operating return on sales of 15% to 17% for full year 2024, assuming revenue of EUR40bn to EUR42bn.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now