On Friday, Porsche’s operating profit went up by 40.6% to 5.05 billion euros. This was the company’s first report since it went public on the stock market, and it showed an 18.9% return on sales.
The jump in profits came from a 15.7% rise in revenue and a 2% rise in deliveries, which brought the total to just over 221,500 vehicles. The statement said that exchange rate effects led to higher profits per car.
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Porsche went public in Frankfurt on September 29. It stuck to its plan for a 17–18% return on sales for the whole year, with a 17–19% midterm goal and a 20% long-term goal.
From a political, economic, and social point of view, the third quarter of 2022 was very volatile and hard. Still, we were able to list Porsche successfully and get off to a great start, “Chief Financial Officer Lutz Meschke said.
