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Porsche, profit and revenues rise despite declining deliveries in China - Industry and Analysis

2023-10-25T09:00:35.305Z

Highlights: Porsche, profit and revenues rise despite declining deliveries in China. Porsche reported an operating profit of €5.5 billion in the nine months (+8.9% on the same period of 2022) and revenues of €30.13 billion (+13%). For the full year, the automaker expects revenues of between $40 billion and $42 billion and an operating return on sales of between 17 and 19 percent. The German group, which has lost ground on the stock market since its listing last September, was able to maintain its full-year forecasts.


Porsche reported an operating profit of €5.5 billion in the nine months (+8.9% on the same period of 2022) and revenues of €30.13 billion (+13%). (ANSA)


Porsche reported an operating profit of €5.5 billion in the nine months (+8.9% on the same period of 2022) and revenues of €30.13 billion (+13%). For the full year, the automaker expects revenues of between $40 billion and $42 billion and an operating return on sales of between 17 and 19 percent. The German group, which has lost ground on the stock market since its listing last September, was able to maintain its full-year forecasts thanks to sales of high-margin models, including the 911, which offset a decline in deliveries in China, which fell 12% in the last nine months.


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Source: ansa

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