Porsche Profits and Sales Up in the First Half of 2013 image

Porsche’s revenue increased 4% to 7.03 billion euro during the first half of the 2013 fiscal year.

Operational profit was up 3% to 1.29 billion euro and deliveries increased 18%, on high global demand for luxury models. The automaker said that in order to keep up with demand it had to boost its workforce by 4% to 18,148 workers.

“Through growth and cost discipline, we compensate our substantial expenditures for the development of new models such as the super sports car 918 Spyder and the sports SUV Macan,” said Lutz Meschke, CFO of Porsche AG. “For both the Macan and the 918 Spyder, production will start still this year.”

Porsche’s best-selling models were the Cayman and the Boxster, with 1. ,886 units sold in the first six months of this year. Panamera sales dropped 33% to 10,491 units, from 15,601 units sold during the same period last year. Porsche CEO and president Matthias Muller said that the outlook for this year looks promising, as the automaker relies on the new 911 Turbo and Turbo S, as well as the new 911 GT3 to boost sales.

Last month, Porsche celebrated the completion of its new paint shop at the Leipzig factory. The construction work of the new Porsche paint shop was completed after a helicopter made the final touches, placing and installing nine air vents on the roof of the building from a 400-meter height.

Source: autoevolution.com