Car construction: Porsche increases business in the first half of the year

Car construction: Porsche increases business in the first half of the year



Despite the decline in sales, sports car manufacturer Porsche made more sales and earned more in the first half of the year.

As the Volkswagen subsidiary announced in Stuttgart on Thursday, sales rose by 8.5 percent to 17.9 billion euros compared to the same period last year.

Operating profit improved by almost a quarter to 3.48 billion euros. Return on sales, which compares sales to profit, increased to 19.4 percent – 2.5 points more than before.

The automaker had already reported that around five percent fewer cars were delivered to customers from January to the end of June. In addition to the restrictions caused by the resurgence of the corona epidemic in China and other markets, restrictions in components and problems in the logistics area had a negative impact.

For the full year, the Stuttgart company aims for sales of around 38 to 39 billion euros. Herbert Diess will hand over management of the VW board to Porsche boss Oliver Blume on September 1 – he will then continue to run the Stuttgart sports car brand in parallel.

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