Porsche publishes its latest sales figures
Porsche has published its half year figures, showing sales revenues of 16.53 billion euros and an operating result of 2.79 billion euros.
Porsche has published its half year figures, showing sales revenues of 16.53 billion euros and an operating result of 2.79 billion euros. From January to the end of June, the company’s return on sales was 16.9 per cent – an increase of 33 per cent on last year. The operating result grew by 127 per cent, due in part by the effects of the pandemic on last year’s numbers. However, Porsche also recorded strong increases compared with 2019 – before coronavirus emerged.
Sales revenue grew by 23 per cent compared with the first half of 2019 (2019: 13.41 billion), and the operating profit by 26 per cent (2019: 2.21 billion).
“We can be very satisfied with these figures,” says Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche AG. “Despite large investments in electrification and digitalisation for the future, we achieved a strong return on sales of 16.9 percent. Alongside the strong sales figures, our strict cost management also contributed to this. Also the business fields consulting and financial services developed very well. Our profitability programme does not endanger jobs, it secures them. And it doesn’t cut back on innovations, but drives them forward.”
Porsche has already collected around 3,000 ideas internally in its profitability programme 2025. The goal is to improve the cumulative result by 10 billion euros by 2025 and by 3 billion euros in each subsequent year that follows.
Oliver Blume, Chairman of the Executive Board of Porsche AG, said: “As a pioneer of sustainable mobility, we are investing more than ever before in future technologies while at the same time maintaining high profitability. In Europe, more than 40 per cent of our customers already choose electric sports cars. Porsche will be net carbon-neutral by 2030.”
Porsche set a new delivery record in the first half of 2021: a total of 153,656 vehicles were delivered worldwide – up 31 per cent on 2020, which was hit by the pandemic. The increase covered all product lines and sales regions.
Meanwhile, the number of staff has remained almost unchanged: at the end of June Porsche had 36,267 employees on the books – just shy of the 36,359 staff at the same point in 2020.
Taycan Turbo S Cross Turismo: CO2 emissions combined: 0 g/km (NEDC); electricity consumption combined: 29.4 kWh/100 km (NEDC)