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Porsche 2018 Operating Profit Up 4%

Porsche AG reported that its operating profit for 2018 grew by around 4% to 4.3 billion euros, and sales revenue increased by 10% to 25.8 billion euros. The operating return on sales was 16.6%.

In 2018, the company delivered 256,255 vehicles to customers, representing a 4% increase on the previous year. The workforce grew around 9%, to 32,325 employees.

Porsche said it will be investing around 15 billion euros in new products in the period up to 2023.

Porsche expects increased deliveries in 2019, as well as a slight rise in sales revenue.

"Our products create the foundation for a successful financial year. In particular in 2019, we will have the new generation of the 911 being launched in all markets worldwide; further model derivatives of the 718 and Cayenne; and the launch of the Taycan," said CFO Meschke.

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