Growth at high level in the first six months

In the first six months of 2019, Porsche AG once again increased its sales revenue, the operating result before special items, deliveries and the number of employees.

The sales revenue grew by nine per cent to 13.4 billion euros compared with the prior-year period.

The operating result before special items increased by three per cent to 2.2 billion euros; the return on sales before special items was 16.5 per cent.

Deliveries grew by two per cent, with the company handing over 133,484 vehicles to customers by the end of June.

The workforce increased by five per cent to 33,839 employees in the first half of 2019.

“Our half-year result is a solid basis for a successful business year 2019. One success factor behind this is our attractive product range,” explained Chairman of the Executive Board of Porsche AG Oliver Blume.

“In the first six months of this year, we have launched a range of innovative, emotive products onto the market with the new 911, the 911 Cabriolet, Cayenne Coupe, 911 Speedster, 935, 718 Spyder and GT4.

“After a challenging first quarter in 2019, we are now fully on course,” said Deputy Chairman and Member of the Executive Board for Finance and IT at Porsche Lutz Meschke.

According to Meschke, the results growth was mainly due to higher volumes of vehicle sales. In contrast, currency effects and expenses relating to the e-mobility offensive had a negative impact.

The Porsche’s Cayenne Coupe. PHOTO: Porsche