Porsche posts its sales figures for 2021 so far

Porsche AG achieved an operating result of 1.2 billion euros in Q1 of 2021, more than double the previous year’s total of 572 million euros

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Porsche AG achieved an operating result of 1.2 billion euros in the first quarter of 2021, more than double the previous year’s total of 572 million euros in the same period.

Sales revenue grew from 6.0 billion euros in the prior-year quarter to 7.7 billion euros, an increase of 28 per cent, while return on sales improved from 9.5 to 16.2 per cent. The results mean that Porsche remains one of the most profitable car manufacturers in the world.

“We have started the year very well and expect that we will once again achieve our strategic goal of a 15 per cent return on sales in fiscal year 2021,” says Lutz Meschke, Deputy Chairman and Member of the Executive Board responsible for Finance and IT at Porsche AG. “Reaching this benchmark is an even greater achievement because we are investing significantly more compared with the past in electrification, digitalisation and also sustainability. Our quarterly numbers show that we are positioned very well – both in terms of our cost and revenue structure and also with our model range.”

Porsche delivered almost 72,000 vehicles worldwide in the first three months of the year, an increase of 36 per cent year-on-year. The most popular model was the Macan, which was handed over to 22,458 customers. The first quarter also saw high demand for the Taycan, Porsche’s first all-electric sports car: it was delivered 9,072 times – almost as often as the iconic 911 sports car (9,133). Another reason for the large increase in revenues and operating results was the economic downturn caused by the coronavirus pandemic in the first quarter of last year.

The most popular model of 2021 so far is the Macan

The most popular model of 2021 so far is the Macan

Porsche CEO, Oliver Blume: “There is a strong team behind this strong showing. Our teamwork allows us to steer the company successfully through these challenging times, based on our fresh and attractive product range.

“We will sell significantly more Taycan cars this year than in 2020. In the first quarter, deliveries of our successful all-electric model were already almost half of the total for all of 2020. A particularly pleasing fact here is that around 50 per cent of the buyers are new customers. The Taycan is therefore increasing the size of our fan base.”

Taycan 4S Cross Turismo: electricity consumption combined: 28.1 kWh/100 km; CO2 emissions combined: 0 g/km

Macan GTS: fuel consumption combined: 9.6 l/100 km; CO2 emissions: 218 g/km

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