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
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."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
