Porsche sets new revenue and profits records
16 Mar 2015|2,484 views
Dr. Ing. h.c. F. Porsche AG has set new records in terms of deliveries, revenue and profit in the 2014 fiscal year. With 189,849 vehicles, deliveries were 17 percent above the figure of the previous year. Revenue rose by one-fifth to €17.2 billion (S$25.1 billion). The operating profit grew by just over five percent to €2.7 billion (S$3.9 billion). With 22,401 employees, the number of people working for Porsche reached a new peak at the end of the year. A year earlier, the figure was 19,456 employees: an increase of 15 percent.
![](http://i.i-sgcm.com/news/article_news/2015/12612_p1_s_2.jpg)
![](http://i.i-sgcm.com/images/spacer.gif)
The Porsche Chairman took special pride in the success of the plug-in hybrid models. With this, Muller did not only refer to the 918 Spyder super sports car, which was sold out just a few months after start of delivery in March 2014.
He especially emphasised that, in the 2014 fiscal year, Porsche was the only brand in the world that could offer its customers no fewer than three plug-in models in the premium segment: in addition to the 918 Spyder, these include the Cayenne S E-Hybrid and the Panamera S E-Hybrid.
Lutz Meschke, Member of the Executive Board Finance and IT at Porsche AG, emphasised in Stuttgart that the excellent performance of Porsche is also reflected in the financial situation of the company. "In 2014 we were able to completely reduce our net debt while simultaneously financing our growth - two years before the originally envisaged target date."
In tangible terms, the net liquidity of the automotive business area - i.e. the gross liquidity less financial liabilities and excluding the financial services business in each case - improved from minus €899 million (S$1.3 billion) as of 31st December 2013 to plus €195 million (S$285 million) as of 31st December 2014.
Muller and Meschke were optimistic in terms of the current fiscal year. "We assume that sales and deliveries in the ongoing year will continue to rise," stated the Chief Financial Officer. They also want to safeguard the profitability through continuous productivity and process improvements as well as through stringent cost management.
Dr. Ing. h.c. F. Porsche AG has set new records in terms of deliveries, revenue and profit in the 2014 fiscal year. With 189,849 vehicles, deliveries were 17 percent above the figure of the previous year. Revenue rose by one-fifth to €17.2 billion (S$25.1 billion). The operating profit grew by just over five percent to €2.7 billion (S$3.9 billion). With 22,401 employees, the number of people working for Porsche reached a new peak at the end of the year. A year earlier, the figure was 19,456 employees: an increase of 15 percent.
At the annual press conference of Porsche AG in Stuttgart, Matthias Muller, Chairman of the Executive Board, stressed that the sports car manufacturer has reached essential objectives of the 'Strategy 2018' ahead of schedule. "A crucial cornerstone for this success is the Macan. Until the end of the year, we had delivered our new five-door sports car nearly 45,000 times," said Muller.
The Porsche Chairman took special pride in the success of the plug-in hybrid models. With this, Muller did not only refer to the 918 Spyder super sports car, which was sold out just a few months after start of delivery in March 2014.
He especially emphasised that, in the 2014 fiscal year, Porsche was the only brand in the world that could offer its customers no fewer than three plug-in models in the premium segment: in addition to the 918 Spyder, these include the Cayenne S E-Hybrid and the Panamera S E-Hybrid.
Lutz Meschke, Member of the Executive Board Finance and IT at Porsche AG, emphasised in Stuttgart that the excellent performance of Porsche is also reflected in the financial situation of the company. "In 2014 we were able to completely reduce our net debt while simultaneously financing our growth - two years before the originally envisaged target date."
In tangible terms, the net liquidity of the automotive business area - i.e. the gross liquidity less financial liabilities and excluding the financial services business in each case - improved from minus €899 million (S$1.3 billion) as of 31st December 2013 to plus €195 million (S$285 million) as of 31st December 2014.
Muller and Meschke were optimistic in terms of the current fiscal year. "We assume that sales and deliveries in the ongoing year will continue to rise," stated the Chief Financial Officer. They also want to safeguard the profitability through continuous productivity and process improvements as well as through stringent cost management.
Latest COE Prices
July 2024 | 2nd BIDDING
NEXT TENDER: 07 Aug 2024
CAT A$91,899![](https://media.i-sgcm.com/public/coe-price/coe-price-up.svg)
CAT B$100,000![](https://media.i-sgcm.com/public/coe-price/coe-price-down.svg)
CAT C$70,601![](https://media.i-sgcm.com/public/coe-price/coe-price-up.svg)
CAT E$100,341![](https://media.i-sgcm.com/public/coe-price/coe-price-down.svg)
View Full Results Thank You For Your Subscription.