Cayenne raises Porsche’s operating profit to over 1 billion euros image

The doubling sales of the Cayenne SUV in the first six months of the year brought Porsche an operating profit of over 1.07 billion euros, compared to the same period of 2010, when the car manufacturer gained “only” 675 million euros.

“Thanks to a very attractive model range, Porsche AG received a globally high demand for sport models in the premium segment”, said the head of Porsche Management, Matthias Mueller.

“We were able to finance all the investments in our cash-flow. This achievement is assigned to our high income and to a healthy cost structure within Porsche AG. We expect to finance all of the future projects from our cash-flow. This highlights our aspiration to remain one of the most profitable car manufacturers in the world”, said Lutz Meschke, head of the Porsche Financial Department.

Porsche Cayenne was the most sold model in the first six months of this year, with 28.405 units globally. The SUV has doubled its sales compared to the same period of 2012 and the premium Cayenne S Hybrid was chosen by almost 2.000 customers.

On the other hand, Panamera’s sales decreased by 3.2 percent, with 11.567 units, but sales of the four-door model are expected to increase with the diesel version.

The most powerful increase of Porsche’s sales was recorded in China, with 47.1 percent more than the same period of 2010.