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The Stuttgart-based company increased its sales by 13.6 percent to 37.6 billion euros in the year it went public. “Under difficult conditions, we achieved by far the strongest result in Porsche history,” said Porsche and VW boss Oliver Blume. As it is known, sales increased by 2.6 percent to 309,884 units.
Porsche is also optimistic about the current year. In terms of sales, the company is targeting a corridor between 40 and 42 billion euros. In terms of operating return on sales – i.e. the share of profits from current business on sales – the company is moving towards its advertised target of 20 percent. In 2022, the value had increased from 16 percent to 18 percent.
VW Group took Porsche public in September, listing a quarter of Porsche AG’s preferred shares, grossing 9.1 billion euros. In addition, 25 percent plus a stake in Porsche AG’s voting stake went to VW parent company Porsche SE, whose owner is controlled by the Porsche and Piëch families. In December, Porsche was promoted to the leading Dax index, replacing sporting goods maker Puma.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
