Skip to main content

Porsche Reports First Half 2015 Results

Not to be outdone by their Volkswagen Group counterparts, Porsche is off to a record start in 2015.  Deliveries rose 30 per cent over last year, and revenue was up a massive 33 per cent over 2014, due in part to strong sales of the Macan SUV.  In an effort to sustain these numbers, Porsche will invest $1 Billion in Zuffenhausen and Weissach in the next five years with money going to infrastructure and technological advancements.

Read the full Press Release below.

Encompassing all sales markets, the sports car maker set new records

ATLANTA – In the first half of 2015, Dr. Ing. h.c. F. Porsche AG had the most successful half-year in the company’s history with new record figures for vehicle deliveries, sales revenue, and earnings. The sports car maker delivered 113,984 vehicles in the first six months of the 2015 fiscal year, up 30 percent compared to the same period in 2014. During this time, revenue increased 33 percent to 10.85 billion euros. The operating profit surpassed the 2014 figure by 21 percent yielding 1.70 billion euros. The number of employees also increased by ten percent to 23,477 individuals.

“All models and derivatives that we have recently launched have proven to be top sellers in their markets,” said Matthias Muller, Chairman of the Executive Board of Porsche AG, explaining this success by citing the attractive product range of Porsche cars. “This pertains to the Macan model series as much as it does to the new GT models, 911 GT3 RS and Cayman GT4, plus the new GTS derivatives for 911 and Cayenne.”

In his outlook of the results, Lutz Meschke, Member of the Executive Board for Finance and IT at Porsche AG, was optimistic that Porsche will surpass the previous year’s results in the 2015 fiscal year and will reach the self-set target of a 15 percent return on sales. Meschke also pointed out positive currency effects which have lessened the burdens of the very high investments in future technologies and the build-out of the production sites. With several projects planned, Porsche will invest more than one billion euros in Zuffenhausen and Weissach by 2020. Porsche is currently spending another half billion euros on the extension of the Leipzig plant.

The post Porsche Reports First Half 2015 Results appeared first on VWVortex.



from VWVortex http://ift.tt/1eGeAaT
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Project SportWagen: Going Stage 2 with APR

    When we last left you, the humble little SportWagen was fresh from the development process with our friends at AWE Tuning, sporting a new downpipe, exhaust and intake, allowing things to breathe a bit easier.  The car sounded great, but there was no getting around the fact that our wagon was still quite, well, slow.   While we realize that nothing we do to the Golf SportWagen at this point will make it a race car, we still felt compelled to do something .  To put it bluntly, we had a fever, and the only cure was more power. Flash forward a few hours, and we found ourselves at Waterfest, staring down APR’s palatial spread and the numerous tuned vehicles surrounding it.  Earlier in the year, APR had hinted to us that their 1.8 TSI files would be quite impressive, and based on what they were able to do with the 2.0 TSI found in the new GTI and our time in their Golf R, we knew it’d be worth the wait.  So with this in mind, we lined our G...
Post a Comment
Read more

Project Golf SportWagen- Intro

I’ve never really been one for SUVs and crossovers.  The current offerings aren’t the body-on-frame, go-anywhere specialty tools I remember from my youth, and what they lack in capability, they also lack in on-road performance. The current crop isn’t terribly good at handling or being efficient, which in my opinion are major components of our ideal driving experience.  So when it comes to space or utility, I usually look for something of the wagon variety- and it seems that I’m not alone. We hit quite a few shows around the east coast each summer, and we see modified Jetta SportWagens at nearly every event. Even amongst common consumers, these cars are highly sought-after. They don’t depreciate much, making even early Mk 5 2.5 versions expensive in comparison to other Jettas or Golfs of the same vintage. This year, Volkswagen launched their latest SportWagen, which is now billed as a Golf.  In many ways, this latest SportWagen is the best yet and it has certai...
Post a Comment
Read more

Volkswagen Group Records Best Ever First-Half-of-Year Sales

With 5.5 million vehicles in customer hands after the first six months of 2018, the Volkswagen Group is seeing the best performance of its history. Group deliveries increased significantly in all core regions,” said Fred Kappler, head of sales for the Group. “Our core brands recorded strong growth in the first half year.” For the year-to-date, all of Volkswagen’s brands had sales bumps. MAN, SEAT, and Skoda led the sales charge with performances 24%, 17% and 11% better than the previous year. The big sellers, too, had strong sales periods, with Volkswagen Commercial Vehicles, Audi, and Volkswagen sales rising 3.5%, 4.5% and 6.3% respectively. That last figure is particularly good new for the board, since Volkswagen alone sold more than 3 million vehicles in the first half of 2018. As Kappler stated, the numbers are equally good when you break sales down by region. Brazil and Russia were the most improved markets (22% and 20%, respectively), while strong sales in Europe and China (u...
2 comments
Read more