[YesAuto News] Porsche Cars announced the financial report for the first three quarters of 2018. In the first three quarters of this year, further growth was achieved in terms of sales profit, operating income, new car deliveries and staff size. Among them, sales profit reached 3.3 billion euros, an increase of 11% compared to the same period last year; operating income reached 19.1 billion euros, an increase of 12% year-on-year; sales return rate was 17.4%.
As of the end of September 2018, 196,562 new vehicles were delivered, a year-on-year increase of 6%. From the perspective of major markets, Porsche’s performance in the European market from January to September was particularly strong, achieving 66,551 new car deliveries with an increase of 9%; in the German market alone, the increase reached 13%, with 24,709 new car deliveries. New car deliveries in the US market reached 42,626 in the first September, a year-on-year increase of 3%. In the first three quarters of the Chinese market, the delivery of new vehicles reached 56,254, a year-on-year increase of 4%.
In terms of specific models, as of the end of September 2018, the Panamera four-door sports car led the sales growth with a year-on-year growth rate of 60%. In the European market, more than 60% of Panamera models delivered are plug-in hybrid models.
Globally, Macan remained the best-selling model under the Porsche brand, with 68,050 deliveries in the first three quarters; Cayenne ranked second with 49,715 deliveries.
Regarding the continued growth of Porsche’s revenue and profits in the first half of the year, Porsche’s global executive board chairman Dr. Oliver Blume said: “The market demand for the Panamera and Porsche’s benchmark model 911 has increased significantly.”
Lutz Meschke, vice chairman and member of the Porsche Global Executive Board and responsible for finance and information technology, said: “The performance in the third quarter was mainly attributable to a series of positive effects and an increase in overall delivery. Unfavorable exchange rates Volatility, high investment in electrification, and new business development have caused a certain negative offset.”
In 2017, Porsche delivered 246,375 new vehicles worldwide. For this year, despite the major challenges in the fourth quarter, due to the positive effects of a series of positive factors, Porsche expects that the delivery of new vehicles in 2018 will once again reach the previous year’s record. Record level. In addition, revenue in fiscal year 2018 will increase over the previous year, and the strategic goal of maintaining a return on sales of 15% remains unchanged.