Press release
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october 30, 2014 - Porsche
Porsche revenue and profit both up in the first nine months of 2014
Dr. Ing. h.c. F. Porsche AG remained on its successful course during the first nine months of the 2014 fiscal year, with deliveries, revenue and profit all again going up.
A total of 135,642 delivered sports cars represented an increase of 13 percent.
Revenue grew by 17 percent to 12.24 billion euros and operating profit rose by two percent to 1.93 billion euros.
At 21,950 employees, staff numbers also reached a new high.
A year ago the number of people working at Porsche was still 18,882.
The year-on-year growth is 16 percent.
Lutz Meschke, Member of the Executive Board - Finance and IT at Porsche AG, emphasized the company's profitability, which continues to be strong.
"Despite our very high expenditures, for example for the new drive system technologies and expansion investments for Porsche’s sustainable growth, our operating profit is continuing to show a year-on-year increase after nine months of 2014, and with an operating margin of 16 percent we are continuing to hit our strategic target."
The financial situation would not change significantly in the final quarter of 2014, added the CFO, looking ahead.
"I anticipate that we will end the 2014 business year with an operating profit slightly above that of last year," predicted Lutz Meschke.
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