Porsche booked further rises in vehicle deliveries, revenue and operating profit in the first quarter of 2018.
Deliveries rose 6% year on year to 63,500 vehicles, generating revenue up 8% to EUR5.9bn.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Operating profit rose 1% to EUR976m while operating profit margin was 16.4%.
"This successful first quarter creates a solid basis for the coming months," said finance chief Lutz Meschke, noting increased volume, better mix and positive development outside the vehicle business – such as aftersales and consulting services provided by MHP and Porsche Consulting – all helped the Q1 results.
"On the other hand, high levels of investment in the future created financial pressures, which were exacerbated by unfavourable exchange rates," Porsche said in a statement.
Chairman Oliver Blume said: "The very good result reaffirms our product strategy. The new generations of the Panamera and Cayenne have proven popular with our customers, as have our new 911 GT models."
