Porsche SE concluded the 2011 financial year with a new record in sales, revenue and operating profit. The maker of the iconic 911-turbo sports car said annual profit rose 22 percent on demand for the Cayenne sport-utility vehicle.
“2011 was the most successful financial year in the company’s history, not just for sales but for revenue and operating profit as well,” Porsche brand chief Matthias Mueller said in a statement.
Backed by Volkswagen (VOW3), Porsche aims to deliver 200,000 vehicles by 2018, almost doubling the 2010 sales, as it adds new models and expands in emerging markets.
To that end, Porsche is investing in rejuvenating and expanding its entire model range. In 2011, the new edition of the Porsche 911 got the process underway. This will be followed in 2012 with the all-new Boxster and Cayman. The introduction of the Macan SUV, to be built in the Leipzig plant, is to provide an additional impetus from 2014 onwards.
Vehicle sales increased 22 percent to 119,000 units last year with the Cayenne, Porsche’s best-selling model, accounting for about 60,000 autos.
Porsche’s shares have gained 17 percent this year, valuing the company at 14.8 billion euros.
|PORSCHE AG Group||Reporting period|
|Fiscal year 2011||Calendar year 2010||Variance (%)|
|Revenue (Mio. €)||10,928||9,232||18|
|Operating Profit (Mio. €)||2,045||1,674||22|