PORSCHE PROFITS SKYROCKET

Porsche AG, the parent company of the Porsche brand, celebrated remarkable financial results in the months January to March 2013. These results show that the company returned a turnover of about R39 billion, while profit for the three months was about R6.8 billion. This was due to sales picking up 21% to 37 009 units.

Gone are the days where Porsche only sold the 911 and that itself was a rare sight. Today I saw five different 911s on the streets of Jozi alone. I cannot say how many Cayennes are roaming the streets, given that this is the company’s biggest seller. A total of 19 658 Cayennes were sold globally in this period under focus, followed by the 911 range (the new 911 Turbo and Turbo S are out) at 7 230 cars, with the Panamera at 5 669, while 3 863 and 589 copies of the Boxster and Cayman moved off the shelves respectively.

“The expansion of the Leipzig plant as well as the development of the sports SUV Macan and the super sports car 918 Spyder are incurring high expenditures that will not yet be compensated by corresponding vehicle revenue. These sales will only be realised in the coming year when our new models are sold,” Chief Financial Officer Lutz Meschke explained.