(News Bulletin 247) – For its first year of existence after its IPO, Porsche AG has recorded very positive results. In the first three months, turnover increased by 25.5% compared to the same period of the previous year to reach 10.10 billion euros.
The group’s operating profit increased by 25.4%, from 1.47 billion euros to 1.84 billion euros. With 18.2%, the group’s operational return on sales is comparable to that of the same period of the previous year.
After the first quarter, the net cash flow of the automotive sector amounted to 1.43 billion euros. The automotive sector’s net cash flow margin increased to 15.3%.
For the year 2023, the group’s turnover should be in the range of 40 to 42 billion euros.
“If the global challenges do not worsen significantly, we expect Group operating sales performance for the 2023 financial year to be in the range of 17-19%,” adds Lutz Meschke, Vice Chairman of the Board of Directors. and board member responsible for finance and information technology.
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