Analysts: Porsche to boost its profit by 46 percent in 2012 image

Porsche SE, the Stuttgart based automaker may boost profit by 46 percent in 2012, according to analysts surveyed by Bloomberg.

In addition, Bloomberg reports that net income for companies in the Stoxx Europe 600 Index will rise most probably by 10 to 11 percent in 2012, after increasing 11 percent this year, led by carmakers such as Porsche SE and retailers like Burberry Group.

The maker of the iconic 911 sports car sees its operating profit rising by more than 10 percent this year, mostly because of high demand from China.

Operating profit rose 25% to €1.51 billion in the January-to-September period, while revenue improved by 20% to €7.93 billion and deliveries by 31% to 90,972 cars.

In the first nine months of the 2011 financial year, the Cayenne SUV proved to be Porsche’s most successful model line with sales of 43,924 units, an increase of 74 per cent. The Gran Turismo Panamera managed 18,750 units, up six per cent. For life-cycle related reasons, sales of the 911 declined by twelve per cent to 13,777 vehicles.

As at 30 September 2011, the workforce numbered 14,346 employees, nine per cent more than the balance sheet date on 31 December 2010.