Porsche sets first half unit sales record - Just Auto
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Porsche sets first half unit sales record

By Graeme Roberts 02 Aug 2021 (Last Updated August 2nd, 2021 16:20)

Unit sales, revenue and operating profit all rose.

Porsche booked first half 2021 sales of EUR16.53bn and an operating profit of EUR2.79bn.

The return on sales was 16.9%.

Noting “weaker” sales in the second quarter of 2020 due to the Covid-19 pandemic, Porsche said sales increased 33% year on year from H1 2020’s EUR12.42bn while the operating profit was up 127% from EUR1.23bn.

In comparison with pre-coronavirus H1 2019, sales grew 23% and operating profit by 26%.

“We can be very satisfied with these figures,” said finance chief Lutz Meschke.

“Despite large investments in electrification and digitalisation for the future, we achieved a strong return on sales of 16.9%. Alongside the strong sales figures, our strict cost management also contributed to this.”

Porsche set a new record in the first half of 2021 as 153,656 vehicles were sold worldwide, up 31%.

Meschke added: “Regardless of the uncertainties of the coronavirus pandemic, the continuing tense situation on the semiconductor market could become noticeable in the third quarter.”