Porsche breaks records in 2019 financial results

In the 2019 financial year, Porsche AG increased deliveries, sales revenue and the operating profit before special items to new record levels.

The company handed over 280,800 vehicles to its customers in 2019, corresponding to an increase of 10% compared against the previous year.

Sales revenue rose by 11% to $44.6 billion, while the operating profit before special items increased by 3% year-on-year to $6.9 billion. The return on sales before special items was 15.4%. In the same period, the workforce grew by 10% to 35,429 employees.

The Cayenne and Macan models series had the most significant increase in deliveries. At 92,055 vehicles, the Cayenne had a 29% increase, while 99,944 Macan vehicles that were delivered amounted to a 16% increase.

Porsche generated the strongest growth in the European market with a sales growth of 15%. 31,618 vehicles were delivered in Germany and 88,975 vehicles in total throughout Europe. They also recorded an increase in its two largest markets, with China seeing an 8% increase to 86,752 vehicles, and in the U.S.A, with an 8% increase to 61,568 vehicles. Consequently, the sports car manufacturer was able to defy the overall weakening economic situation in both these markets.

Nearly 2,000 new jobs were created for the Taycan. Production of the electric sports car at the parent plant in Zuffenhausen is also carbon-neutral. Since the beginning of 2020 Porsche has converted the site's entire energy supply to carbon-neutral sources.

New buildings are energy efficient and the electricity comes from renewable sources. Heat is generated in its own Combined Heat and Power plants that operates on bio-gas produced from residual materials and waste.

By 2024, the sports car manufacturer will invest around $15.6 billion in the hybridisation, electrification and digitalisation of its cars, and is consistently enhancing its offering in the area of electromobility by launching the next model, the Cross Turismo, which will be the first Taycan derivative. The new generation of the Macan compact SUV will also be electrically powered, and it will thus be Porsche's second, fully battery-powered model series. The company anticipates half of the entire product rangeto be fully electric models or partially electric plug-in hybrids by the half of this decade.