Porsche Achieves Record Figures In 2022

Porsche AG reported record figures for year 2022, including sales revenue of 37.6 billion euros (13.6%).

Operating profit was 6.8 billion euros (+27.4 per cent) in 2022, exceeding the previous year’s figure by 1.5 billion euros.

Porsche delivered 309,884 vehicles to customers in 2022, an increase of 2.6% compared to 301,915 units in 2021.

Stuttgart sports car manufacturer, Porsche AG on Monday reported record figures for year 2022, including sales revenue of 37.6 billion euros, which is a growth of 13.6 per cent from the 33.1 billion euros recorded in 2021.

The Group operating profit was 6.8 billion euros (+27.4 per cent) in 2022, exceeding the previous year’s figure by 1.5 billion euros, while its operating return on sales rose from 16.0 per cent to 18.0 per cent.

“In difficult conditions, we achieved the strongest result in the history of Porsche, by some distance,” says Oliver Blume, Chairman of the Executive Board, as he looks back with satisfaction.

“We were also able to offer our customers exciting new products yet again in 2022. This is the result of a great team performance.”

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Last year, Porsche AG was able to deliver 309,884 vehicles to customers world despite the effects of the war in Ukraine, the challenges of the coronavirus pandemic, and global supply chain disruptions.

This corresponds to an increase of 2.6 per cent compared to 2021 (301,915 vehicles). In the 2022 financial year, automotive net cashflow increased from 3.7 billion euros to 3.9 billion euros.

“Our success factors are improved price positioning, the strong product mix, the increase in vehicle sales, exchange rate effects, and our strict cost discipline,” says Lutz Meschke, Deputy Chairman and Member of the Executive Board for Finance and IT.

In 2023, the company started its ambitious Road to 20 programme, with which it is aiming for a Group operating return on sales of more than 20 per cent in the long term.

“With the Road to 20 we are making Porsche even more resilient and our brand stronger than ever,” says Meschke.

“And we’re going to take a fresh look at everything, from our product range and pricing to our cost structure. We want to increase the quality of our contribution margins and make our products even more attractive.”

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