Strong sales revenue, operating profit and return on sales for Porsche

Porsche has reported a strong increase in sales revenue, operating profit and return on sales for the first half of 2022. Sales revenue and operating profit increased to $25.34 billion and $4.92 billion respectively, with return on sales rising to 19.4% from 16.9% in the same period last year.

Compared to the same period in 2021, sales revenue rose 8.5% with operating profit rising by 24.6%. This is a testament to Porsche's might in maintaining and improving sales in an increasingly cut-throat market.

Lutzs Meschke, CFO of Porsche, stated that despite the challenges faced in procuring raw materials and energy, Porsche AG is aiming for return on sales between 17% and 18% for the year 2022. Porsche's outlook for 2022 is based on assumptions such as having no significant deterioration of economic conditions or the COVID-19 pandemic in Porsche's main markets and no significant disruptions in supply chain.

Porsche has a long-term ambition to achieve Group return on sales of more than 20%. Meschke recognises that the economy worldwide is facing challenging times, but is confident that the company will be able to stride on strongly for the remainder of 2022.