Porsche AG's deliveries, revenue and profit were all up at during the first nine months of the 2014 fiscal year. Here are the highlights:
- A total of 135,642 delivered sports cars represented an increase of 13%.
- Revenue grew by 17% to 12.24 billion euros.
- Operating profit rose by 2% to 1.93 billion euros.
- The number of employees grew from 18,882 to a total of 21,950 employees. The year-on-year growth is 16%.
Lutz Meschke, Member of the Executive Board - Finance and IT at Porsche AG, emphasized the company's profitability, which continues to be strong.
"Despite our very high expenditures, for example for the new drive system technologies and expansion investments for Porsche’s sustainable growth, our operating profit is continuing to show a year-on-year increase after nine months of 2014, and with an operating margin of 16% we are continuing to hit our strategic target." The financial situation would not change significantly in the final quarter of 2014, added the CFO, looking ahead. "I anticipate that we will end the 2014 business year with an operating profit slightly above that of last year," predicted Lutz Meschke.
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