Porsche surprised first quarter

In the first quarter of 2018, Porsche AG continued its rising performance in deliveries, revenue and operating figures. The revenue of the sports car maker, which delivered about 63,500 vehicles, reached 8,900,000 euros with an increase of 8 percent. Operating activities, on the other hand, totaled 976 million euros with an operating profit margin of 16.4 percent.



Porsche AG Chief Executive Officer Oliver Blume commented, "These results show how accurate our product strategy is. The new generation Panamera and Cayenne, as well as the new 911 GT models, once again proved the popularity of our customers' eyes. " "For us, the real issue is not breaking records all the time. We want to capture a growth chart that creates value through healthy profit rates and job security, "he said.

Number of employees exceeded 30

Porsche increased its number of jobs by about 7 percent by the end of the first quarter. The sports car maker that 30 thousand 335 people worked with had 28 thousand 249 employees in Stuttgart the previous year. The company's CFO, Meschke, said, "Our goal is to be a supplier that goes beyond the automobile manufacturer and offers private and sports mobility solutions. For this purpose, we continue to invest heavily. But even in this transformation process, our primary goal is to maintain profitability. "