Mexican Media Brands
Porsche Reports Record Sales, Revenue, Profits
Porsche AG posted all-time high vehicle deliveries (162,100, up 15%), revenue (€14.3 billion, up 3%) and operating profits €2.6 billion, up 6%) for 2013.
#economics
Share
Porsche AG posted all-time high vehicle deliveries (162,100, up 15%), revenue (€14.3 billion, up 3%) and operating profits €2.6 billion, up 6%) for 2013. Operating return on sales was 18%.
Employment at the Volkswagen AG unit also jumped 11% to a record 19,500 at year-end.
Porsche says the net liquidity of its automotive operations improved to a negative €899 million from a negative €1.8 billion at the end of 2012. The company's medium-term goal is to repay all debt and finance growth from cash flow.
Porsche predicts another record sales year in 2014. Deliveries in January-February rose 3% to 23,300 units, and volume is likely to rise when the company debuts its Macan small crossover in April.
RELATED CONTENT
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.