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Porsche reports operating income of 20.49 billion euros for the first three quarters of 2019

2024-11-05 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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According to domestic media reports, Porsche officially released financial report data for the first three quarters of this year. Porsche's operating revenue in the first three quarters of this year was 20.49 billion euros, up 7% from a year earlier, while there was also an increase in sales profits (excluding special services expenses), new car deliveries and the size of employees.

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Porsche's sales profit (excluding special services expenses) in the first three quarters of this year was 3.35 billion euros, up 1% from a year earlier; the return on sales was 16.3%; the sales profit was 2.81 billion euros, and the return on sales was 13.7%. Porsche delivered 202300 new cars in the first three quarters, up 3 per cent from a year earlier, and 34675 employees, up about 7 per cent from a year earlier.

But in the second quarter of this year, Porsche was fined 535 million euros for diesel engine emissions. After deducting this expense, Porsche made a global sales profit of 2.81 billion euros in the first three quarters, a return of 13.7 percent.

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In a weak car market, Porsche made a mistake in major markets such as China and the United States. Porsche launched new national six models such as the Macan in time after poor sales in China, the world's largest single market, in the first quarter, which eventually boosted its sales in the first three quarters from a year earlier to 64237 vehicles.

In the US market, Porsche delivered a total of 45062 new cars, up 6 per cent from a year earlier. In addition, Porsche sports cars remain popular in the Asia-Pacific region, Africa and the Middle East, with deliveries of 86235 new cars, an increase of 11% over the same period last year.

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Span.s1 {font-kerning: none} in the European market, due to the switch to a globally unified light vehicle test program (WLTP) and gasoline particulate filters, Porsche had a shortfall in deliverable vehicles in the first few months of this year, which also led to a decline in sales in the European market compared with the same period last year.

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Maissig, vice chairman of Porsche's global executive board, said that the small increase in performance in the first three quarters was mainly due to an increase in car sales and improvements in other business areas and divisions, while exchange rates and electrification investment had a negative impact. In fiscal year 2019, Porsche expects new car deliveries to hit a record high and overall revenue to rise slightly.

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