Despite the global economic downswing, Porsche Automobil Holding SE, Stuttgart, has set up new records in the business year 2007/08 (31 July), with profits, turnover, sales, and production reaching new all-time highs.
The 2008 porsche was the most successful year ever in the 60-year history of Porsche, with Group profit before taxes increasing by 46 per cent to 8.569 billion Euro. This significant jump in profit was again due to special influences in connection with the holdings in Volkswagen AG, Wolfsburg, Germany. The Porsche operative earnings before taxes have developed most satisfactorily.
The Group annual surplus (profit after taxes) was up 51 percent to 6.392 billion Euro in the period under review. The earnings per share, corrected for splitting, were 35.94 Euro (previous year: 23.98 Euro) per ordinary share and 35.95 Euro (previous year: 23.99 Euro) per preferred share.
Cayenne achieves impressive success in the market
In all, the business year of Porsche Automobil Holding SE under report shows very positive results. Turnover went up by 1.3 per cent to 7.466 billion Euro. Sales by the 100 per cent subsidiary Dr. Ing. h.c. F. Porsche AG increased by 1.2 percent to 98,652 vehicle sales. This growth was fuelled first and foremost by the Cayenne series. Increasing by 34 percent to 45,478 units, sales of the all-wheel drive four door Cayenne reached a new record level. Despite the changeover to the new 911 Carrera in the second half of the business year 2007/08, sales of the 911 model series, amounting to 31,423 units, were only 16 per cent below the previous year’s very high figure. The Boxster series, which also includes the Cayman, accounted for a total of 21,747 units sold, 16.8 per cent less than in the previous business year.