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”.
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“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.
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