Porsche have just release their first quarter results and they are impressive.
The Stuttgart based sports car manufacturer delivered 55,974 vehicles (up 10 %). It has increased its turnover by over 6% to 5.4 billion euros and operating profits are up over 17% to 896 million euros. This now means that Porsche is the most profitable car manufacturer in the world.
Chairman of the Executive Board of Porsche AG, Oliver Blume, says these figures show that the company currently offers the most attractive and diversified portfolio of models in its history. He went on to add; “The new 911, 718 Boxster and 718 Cayman model series impress our customers.”
He also pointed out the relationship between profitability and social responsibility at the company. At the end of first quarter 2016, the work force had grown by over 9% to 25,081 employees.
Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board responsible for Finance and IT is convinced that the company will again achieve its strategic profitability target of 15% by the end of Fiscal 2016. “We are consistently moving along the path which Porsche has mapped out. Success is also reflected by net cash flows which have risen compared with the first quarter last year,” stressed the CFO.
Porsche model series 911: combined fuel consumption 9.3–7.4 l/100 km; CO2 emissions 216–169 g/km; efficiency class: F–D
Porsche model series 718 Boxster: combined fuel consumption 8.1-6.9 l/100 km; CO2 emissions 184-158 g/km; efficiency class: F–D
Porsche model series 718 Cayman: combined fuel consumption 8.1-6.9 l/100 km; CO2 emissions 184-158 g/km; efficiency class: F–D