As one of the most profitable car makers in the world, Porsche is always expected to do well in sales. But the results they’ve posted for the 2011 financial year are just exceptional. Their revenue was boosted by18 per cent compared with the same period the year before, up to 10.9 billion euro. That means Porsche makes the most amount of profit on each car they sell than any other manufacturer.
Here’s some more amazing numbers for you: In sales terms, Porsche grew by 21 per cent to 116,978 units worldwide in the past fiscal year. Operating profit reached 2.05 billion euro on the back of 1.67 billion euro in 2010. That represents an increase of 22 per cent compared with the previous year’s performance and an operating return on sales of 18.7 per cent. Compared with the same period last year, the sports car manufacturer succeeded in boosting cash flow by 17 per cent to 2.4 billion euro.
Taking into account that the current Porsche range is the youngest and most efficient model range of all time, it’s almost certain they will do better next year. The progress is right on track to meet “Strategy 2018” goals.
“For Porsche, 2011 was the most successful fiscal year in the company’s history, not just for sales but for revenue and operating profit as well,” said Matthias M?ller, President and Chief Executive of Porsche AG. “Once again we are setting standards in the sports car segment with our brand new model range; our international customers appreciate this. Last year, the strong demand enabled us to further consolidate our position as one of the most profitable car manufacturers in the world.”
PORSCHE AG Group Reporting period Fiscal year 2011
Calendar year 2010
Variance (%)
Sales (units) 116,978 96,473 21 911 17,607 20,406 -14 Boxster/Cayman 11,280 12,348 -9 Cayenne 59,873 40,237 49 Panamera 28,218 23,482 20 Production (units) 127,793 95,564 34 911 21,748 19,979 9 Boxster/Cayman 12,207 12,061 1 Cayenne 62,004 39,428 57 Panamera 31,834 24,096 32 Revenue (Mio. EUR) 10,928 9,232 18 Operating Profit (Mio. EUR) 2,045 1,674 22
