Porsche increases revenue and operating result in the first half year

Porsche increases revenue and operating result in the first half year

02.08.2018: Strong profitability despite economic and political challenges In the first six months of 2018, Porsche AG increased its operating result, revenue, deliveries and number of employees


Strong profitability despite economic and political challenges



In the first six months of 2018, Porsche AG increased its operating result, revenue, deliveries and number of employees. The operating result increased slightly, by one per cent to EUR 2.2 billion, while revenue rose by four per cent to EUR 12.3 billion.





The operating return on sales was 17.5 per cent. In the first half of 2018, deliveries increased by three per cent to 130,598 vehicles; the workforce grew by five per cent to 30,785 employees.



“Our performance in the first half of the year has given us a strong basis for a successful 2018 financial year”, said Oliver Blume, Chairman of the Executive Board of Porsche AG. “It is particularly pleasing to note that the iconic 911 is in such demand, given that this year we are celebrating ‘70 years of the Porsche sports car’.



We are also continuing to invest in the future of our brand: Electrification, digitalisation and connectivity are major challenges that we are choosing to view as an opportunity. Next year will see the market launch of the Taycan, the first purely electric Porsche. It will set standards for the future of mobility”, said Blume.



CFO Lutz Meschke believes that positive mix effects and development in areas beyond the vehicle business–such as After Sales and the consulting services MHP and Porsche Consulting–all made a positive contribution to the result. Offsetting this were the considerable investments in future topics such as electrification and in developing new business areas.



“We will have some challenges to overcome in the second half of the year”, said Meschke. Specifically, Meschke believes that the company will need to adapt to the uncertain political and economic situation and also ensure that its model range is compatible with the new emission standards in Europe. “Nevertheless, we will continue to pursue our strategic objective of achieving an operating return on sales of at least 15 per cent”, said the CFO.



In terms of vehicle deliveries, the Panamera saw the greatest increase in the first half of the year: By the end of June, Porsche had delivered 20,500 units of the four-door sports car to customers, almost double the figure from the same period in the previous year. The 911 also saw double-digit growth with an increase of 28 per cent, amounting to 21,400 vehicle deliveries.




The highest-volume series continue to be the Macan with 46,600 vehicles delivered and the Cayenne with 28,700 deliveries. In its home market of Germany, Porsche saw an increase of eleven per cent in the first half of 2018 and nine per cent in Europe as a whole. China remains the strongest individual market for Porsche with 33,363 vehicles delivered, ahead of the USA (29,421 vehicles).





Tanja Deutschenbaur- photo Porsche

Permanent-URL: http://www.automobilsport.com/porsche-revenu-first-half-year---179526.html

02.08.2018 / MaP

Weitere Beiträge

A strong first half for the Volkswagen brand
02.08.2018
    Further significant improvement in sales revenue, operating profit before special items and return on sales    SUV offensive successfully continued; marked growth in all regions of the world    Annual forecast for 2018 confirmed    Board Member for Finance Dr. Arno Antlitz: &l weiter >>
Groupe Renault sets a new operating margin record for a first half-year
27.07.2018
Financial results for the 1st half of 2018:     Registrations increased 9.8% to 2.07 million units (+5.3% excluding Jinbei and Huasong).    Group revenues increased by 1.4% to €29,957 million (+2.4% in the seco weiter >>
Groupe Renault HR Senior Management changes
26.07.2018
Effective August 1st, 2018, Marie-Françoise DAMESIN will retire from her Human Resources leadership positions both at the Alliance and at Renault. As regards to her HR position at the Alliance, Arun BAJAJ is appointed Alliance SVP, Human Resources. He maintains his current responsibilities as Alliance Talent management and Nissan Human Resour weiter >>
Groupe PSA: Sharp growth and record profitability
25.07.2018
•    40.1% Group revenue growth at €38.6 billion[1]•    8.5% PCD[2] Automotive division recurring operating margin[3]•    5.0% OV[4] Automotive division recurring operating margin•    7.8% Group recurring operating margin, at €3.017 billion•  weiter >>
Daimler signs agreement on €11 billion credit line
25.07.2018
    Concluded with international consortium at attractive conditions    Credit line significantly oversubscribed    New credit line replaces existing credit line and serves to ensure sufficient financial flexibility at all timesOn July 23, 2018, Daimler AG (ticker symbol DAI weiter >>
PSA Groupe - Worldwide sales up 38.1% in the first half of 2018
12.07.2018
•    Groupe PSA sold 2,181,800 vehicles[1] worldwide, a new all-time record and a 38.1% growth compared with the first half of 2017•    SUV product offensive: sustained succ weiter >>
Porsche has again delivered more vehicles in the first half of the year
12.07.2018
Deliveries of the iconic Porsche 911 sports car up by almost 30 per centThe positive trend has continued: With 130,598 vehicles delivered worldwide in just the first six months of 2018, Po weiter >>
Audi and Huawei sign memorandum of understanding for strategic cooperation
11.07.2018
Audi intends to join forces with Chinese technology corporation Huawei to develop projects in the area of Intelligent Connected Vehicles        Advancement of automated driving and the digitalization of services in the vehicle environment        Pilot project in Wuxi, China, to test new mobile communic weiter >>
Hybrid drives continued sales growth for Lexus in Europe
10.07.2018
    Lexus Europe* sold 38,543 vehicles in the first half of 2018, an increase of 7% vs. last year    Self-charging hybrid vehicles represented 95% of sales in Western and Central Europe    Sales increase led by renewed NX and CT, as well as continued success of RX    More th weiter >>
Audi sales grow by 4.5 percent in the first half of the year
10.07.2018
Worldwide around 949,300 deliveries since January        June demand down 3.8 percent        Interim CEO and Sales chief Bram Schot: “Performed well despite the difficult environment” weiter >>
SEAT - Decisive boost to the globalisation strategy
09.07.2018
 SEAT signs an agreement to team up with the joint venture between Volkswagen Group China and JAC •    SEAT to become a shareholder of the company created by Volkswagen Group China and JAC and will be the Group’s lead weiter >>
Acura RDX Snaps Multiple Sales Records Amidst 2019 Model Launch
03.07.2018
    Best month ever for the RDX and for any Acura SUV    Best sales month for any Acura model in more than a decadeThe all-new 2019 Acura RDX compact luxury SUV came out of the gate at full gallop, hel weiter >>
American Honda Sets New June Sales Records on Strength of Light Trucks
03.07.2018
    Light trucks lift American Honda to new June records for total vehicles and trucks    Acura RDX sets all-time best sales month and all-time record month for any Acura SUV on gain of 37%  &nb weiter >>
Cesar Habib - new Rolls Royce Motor regional director Middle East and Africa
03.07.2018
Rolls-Royce has announced that César Habib has been appointed as Regional Director, Middle East & Africa from 1 August 2018. He will be based in Dubai.Habib joined Rol weiter >>
SEAT to lead the Volkswagen Group’s expansion in North Africa
22.06.2018
STRATEGIC PILLAR FOR GLOBALISATION   •    The Group decentralises its territorial structure to gain speed and efficiencySEAT has been designated by the Volkswagen AG to lead the Group’s growt weiter >>
Daimler adapts earnings expectations
21.06.2018
Today, due to current developments, Daimler AG has made a new assessment of the earnings potential for the year 2018. From today's perspective, the decisive factor is that, at Mercedes-Benz Cars, few weiter >>
Abraham Schot takes over as interim Chairman of the Board of Management of Audi
19.06.2018
...with immediate effect The Supervisory Board of AUDI AG has decided to transfer the duties of the Board of Management Chairman to Abraham Schot on a temporary basis with immediate effect.As previously reported, Audi CEO Ru weiter >>
RCI Bank and Services acquires an 75% majority interest in iCABBI
19.06.2018
On June 8, 2018, RCI Bank and Services acquired a 75% majority interest in iCabbi, a dispatch management1 company for automotive fleets of taxis and PHVs2 that is currently reporting the highest growth rate on the market.Thanks to iCab weiter >>
Mercedes-Benz Trucks to invest about 50 million euros in expansion of the Development and Test Center
15.06.2018
Almost precisely ten years after the ceremonial opening of the Development and Testing Center (EVZ) in Wörth am Rhein, Mercedes‑Benz Trucks will invest about another 50 million euros in the center of competence for the development work on commercial vehicles. weiter >>
Rolls-Royce on a roll
14.06.2018
In light of the news emanating from Rolls-Royce plc today, and to avoid any potential confusion in the media, Rolls‑Royce Motor Cars wishes to clarify that it is in excellent health and enjoying sustained global success across its model range. There are no plans for job reductions. weiter >>
Alexander Pollich to be the new Managing Director of Porsche Deutschland
11.06.2018
Jens Puttfarcken and Marcus Eckermann to head the Chinese and British sales organisations respectivelyPersonnel change at the top of Porsche Deutschland GmbH: Alexander Pollich (51), previously Managing Director of Porsche Cars Great Britain, will be weiter >>
SEAT closes the best month of May in its history
07.06.2018
18.5% GROWTH SINCE JANUARY •    The carmaker sold close to 50,000 cars, amounting to a 15.5% increase•    From January to May, SEAT commercialised 238,500 vehicles•  &nb weiter >>
Groundbreaking for first Mercedes Benz Full-Flex Plant in Hungary
05.06.2018
 Mercedes-Benz Cars invests one billion euros in new car plant in Hungary    Next step on the road to smart production: Mercedes-Benz Cars is starting construction of a “Full-Flex Plant” and transferring the blue print of &l weiter >>
Groupe PSA’s Business Lab and Latin America Division partner with Cubo Itaú in Brazil
04.06.2018
• Cubo Itaú is the largest technological entrepreneurship hub in Latin America• The Business Lab is partnering with Cubo Itaú to step up Groupe PSA’s digital transformation in the regionGroupe PSA’s Bu weiter >>
Groupe PSA increases SUV production capacity in Europe
30.05.2018
• Following the success of the SUV offensive led by its five brands, the Group is increasing production capacity in Europe to meet market demand• Conditions are now in place to achieve the highest levels of performance and quality in each of the plants concerned• Implementing these projects will ensure high capacity utilisation in each weiter >>
Opel and IG Metall/Works Council Agree on Measures for Improved Competitiveness and Investments
29.05.2018
•    Grandland X SUV and hybrid version to be produced in Eisenach•    Development of next generation global Groupe PSA 1.6-litre engine family (EP) at Engineering Center in Rüsselsheim•    Framework agreement with job protection extended until 2023Opel h weiter >>
Porsche Aktionäre beschließen Erweiterung des Aufsichtsrats
15.05.2018
-  Dividende von 1,76 Euro je Vorzugsaktie zugestimmt -  Vorstand und Aufsichtsrat wurde Entlastung erteiltAuf der ordentlichen Hauptversammlung der Porsche Automobil Holding SE (Porsche SE), Stuttgart, haben die Aktionäre an diesem Dienstag die Erweiterung des Aufsichtsrats von sechs auf zehn Mitglieder im Wege einer Satzungs& weiter >>
Wahl von Prof. Wolf zum Mitglied des Aufsichtsrats wird verschoben
14.05.2018
Prof. Siegfried Wolf (60) hat den Aufsichtsrat der Porsche Automobil Holding SE (Porsche SE), Stuttgart, darüber informiert, dass er in der Hauptversammlung am 15. Mai 2018 in Stuttgart noch nicht für die Wahl in den Aufsichtsrat kandidieren möchte.Der ausgebildete Ingenieur und ehemalige Vorstandsvorsitzende der Magna International Inc., weiter >>
Nissan contributes € 478 million for first quarter 2018 to Renault's earnings
14.05.2018
Nissan released today its results for the fourth quarter of fiscal year 2017/2018 (April 1, 2017 to March 31, 2018). Nissan’s results, published in JGAAP, for the fourth quarter of fiscal year 2017/2018 (January 1 to March 31, 2018), after restatements(1), will have a positive contribution to Renault’s first quarter 2018 net income estim weiter >>

© 2001-2017 automobilsport.com full copyright automobilsport.com