Porsche increases revenue and operating result in the first half of 2018
03 Aug 2018|1,462 views
The operating result increased slightly, by one percent to €2.2 billion, while revenue rose by four percent to €12.3 billion. The operating return on sales was 17.5 percent. In the first half of 2018, deliveries increased by three percent to 130,598 vehicles; the workforce grew by five percent to 30,785 employees.
"Our performance in the first half of the year has given us a strong basis for a successful 2018 financial year," said Oliver Blume, Chairman of the Executive Board of Porsche AG.
"It is particularly pleasing to note that the iconic 911 is in such demand, given that this year we are celebrating '70 years of the Porsche sports car'. We are also continuing to invest in the future of our brand: Electrification, digitalisation and connectivity are major challenges that we are choosing to view as an opportunity. Next year will see the market launch of the Taycan, the first purely electric Porsche. It will set standards for the future of mobility," said Blume.
Chief Financial Officer Lutz Meschke believes that positive mix effects and development in areas beyond the vehicle business - such as After Sales and the consulting services MHP and Porsche Consulting - all made a positive contribution to the result. Offsetting this were the considerable investments in future topics such as electrification and in developing new business areas.
The operating result increased slightly, by one percent to €2.2 billion, while revenue rose by four percent to €12.3 billion. The operating return on sales was 17.5 percent. In the first half of 2018, deliveries increased by three percent to 130,598 vehicles; the workforce grew by five percent to 30,785 employees.
"Our performance in the first half of the year has given us a strong basis for a successful 2018 financial year," said Oliver Blume, Chairman of the Executive Board of Porsche AG.
"It is particularly pleasing to note that the iconic 911 is in such demand, given that this year we are celebrating '70 years of the Porsche sports car'. We are also continuing to invest in the future of our brand: Electrification, digitalisation and connectivity are major challenges that we are choosing to view as an opportunity. Next year will see the market launch of the Taycan, the first purely electric Porsche. It will set standards for the future of mobility," said Blume.
Chief Financial Officer Lutz Meschke believes that positive mix effects and development in areas beyond the vehicle business - such as After Sales and the consulting services MHP and Porsche Consulting - all made a positive contribution to the result. Offsetting this were the considerable investments in future topics such as electrification and in developing new business areas.
Latest COE Prices
March 2025 | 2nd BIDDING
NEXT TENDER: 09 Apr 2025
CAT A$94,502
CAT B$116,890
CAT C$70,089
CAT E$116,991
View Full Results 
Thank You For Your Subscription.
