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August 2, 2021

Porsche sets first half unit sales record

Unit sales, revenue and operating profit all rose.

By Graeme Roberts

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.”

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