Porsche has a successful 2023 and aims to grow further in 2024 with four new launches in the Panamera, Macan, Taycan and 911 ranges. The group's turnover in 2023 was 40.5 billion euros, recording growth of 7.7%. compared to the 2022 financial year.
The group's operating profit increased by 7.6% to 7.3 billion euros.
Despite disruptions in global supply chains, high inflation and extraordinary investments, the group's operating profitability remained stable at 18.0%.
"We have a strong fiscal year behind us," CEO Oliver Blume said.
With four new launches in the Panamera, Macan, Taycan and 911 ranges, the sports car manufacturer will be able to accelerate further in 2025. In, earnings per ordinary share were 5.66 euros, while earnings per preferred share were 5. 67 euros.
In accordance with the current dividend policy, the Board of Directors and the Supervisory Board propose to the general meeting for the fiscal year 2023 a dividend payment of 2.1 billion euros.
This corresponds to more than 40% of the group's profit after tax and to 2.30 euros per ordinary share and 2.31 euros per preference share.
In the medium term, Porsche plans to distribute 50% of the group's profit after tax to its shareholders.
Regarding deliveries in 2023, Porsche recorded an increase of 3.3 percent in deliveries to customers, with a total of 320,221 vehicles compared to the previous year.
And, as mentioned, 2024 will be the year of Porsche products with four new model launches.
The first is represented by the third generation of the Panamera.
In spring, the new generation of the fully electric Taycan sports car will be launched on the market, while yesterday the Taycan Turbo GT version was presented.
During the second half of the year, the Porsche Macan will enter its second all-electric generation.
Finally, also for the spring, a product update for the Porsche 911 is planned, which will include, among other things, a high-performance hybrid powertrain.
Porsche closed 2023 with strong growth, but the Stuttgart company has even greater ambitions, as CEO Oliver Blume confirmed when presenting the 2023 accounts. "We have a strong fiscal year behind us" declared CEO Oliver Blume.
"In 2024 we are launching an unprecedented product offensive.
We will bring a variety of exciting sports cars to the roads, which will excite our customers around the world.
This will give us momentum for years to come." "The Porsche team can be proud of its performance in 2023. Despite all the challenges, we thrilled our customers with fascinating products in all vehicle lines," says Oliver Blume. "Porsche convinced in 2023 : We are resilient, highly profitable even in volatile times and financially sound.
Furthermore, we benefit from an even more balanced sales structure.
On this basis, we are laying the foundations for a strong start in 2025 in 2024. Our focus remains on sustainable business success, from which our customers, employees, society and shareholders benefit,” added Lutz Meschke, Chief Financial Officer of Porsche.
Reproduction reserved © Copyright ANSA