Photo: Porsche
With Ferrari going public these days, more and more people have started paying attention to the financial side of car companies. Well, if you want a low-volume automaker that knows his way around the world of finances, we have to talk about Porsche. The financial numbers for the first three quarter of 2014 are in, and things are looking bright.
We’ll get to the usual data in a minute, but we want to start by giving you the current dimension of the Zuffenhausen-based automaker, measured in employees. 21,950 people now work for Porsche, a 16 percent increase compared to the figure registered one year ago, as well as a new record.
With the introduction of the Cayman and the further development of hybrid powertrains Porsche has expanded itself and this shows.
As for the promised figures, Porsche managed to deliver a total of 135,642 cars duing the first nine months of 2014, which can be translated into a 13 percent year-on-year increase.
Revenue jumped 17 percent to EUR12.24 billion (USD15.53 million at the current exchange rates). Porsche is one of the most profitable automakers out there, so the Germans couldn’t miss the opportunity to also up the ante on this front - operating profit increased by two percent to EUR1.93 billion ($2.42 million).
Porsche’s performance is particularly impressive given the investment the automaker has made in plug-in hybrid powerplants. While also-VW-owned Lamborghini is a company that can avoid straying from the pure natural aspiration sports parth for as long as possible, advanced technology is a core value for Porsche, which means it must make serious efforts in terms of efficiency.
"The emissions regulations present a particularly significant challenge to us as a sports car manufacturer, but we have so far been able to rise to this challenge. Our goal is to produce not only the sportiest vehicles in their respective segments, but the most technologically advanced ones as well,” Matthias Müller, Chairman of the Executive Board at Porsche AG said.
With the introduction of the Cayman and the further development of hybrid powertrains Porsche has expanded itself and this shows.
As for the promised figures, Porsche managed to deliver a total of 135,642 cars duing the first nine months of 2014, which can be translated into a 13 percent year-on-year increase.
Revenue jumped 17 percent to EUR12.24 billion (USD15.53 million at the current exchange rates). Porsche is one of the most profitable automakers out there, so the Germans couldn’t miss the opportunity to also up the ante on this front - operating profit increased by two percent to EUR1.93 billion ($2.42 million).
What about the complete 2014 picture?
Porsche doesn’t see any major changes in the course of business by the end of the year. This means they’ll stick to their plan of registering an operating profit increase for 2014.Porsche’s performance is particularly impressive given the investment the automaker has made in plug-in hybrid powerplants. While also-VW-owned Lamborghini is a company that can avoid straying from the pure natural aspiration sports parth for as long as possible, advanced technology is a core value for Porsche, which means it must make serious efforts in terms of efficiency.
"The emissions regulations present a particularly significant challenge to us as a sports car manufacturer, but we have so far been able to rise to this challenge. Our goal is to produce not only the sportiest vehicles in their respective segments, but the most technologically advanced ones as well,” Matthias Müller, Chairman of the Executive Board at Porsche AG said.
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