Porsche Sales Up 86 Percent in Three Months

Faced with a terrible situation in the beginning of the year, German manufacturer Porsche is paying particular attention to how its sales figures look. For the time being, those figures show improvement, and lots of it.

In the first three months of the short fiscal year 2010 (1 August to 31 December), Porsche sold 21,218 vehicles, a number which represents an increase of 86.4 percent compared to the previous very weak quarter. The figure also means a operating result of EUR395 million ($528 million), compared to the EUR52 million ($69.6 million) in the previous quarter.

The good numbers also led to an increase in the number of people working for Porsche. As of 31 October 2010, the 13,043 employees worked for Porsche, 2.5 percent more than at the end of July this year.

“We can be satisfied with the key indicators of the first three months. Porsche AG is continuing on a profitable growth course,” said Matthias Muller, Porsche's chairman of the board.

The increase in numbers mean that Porsche is now looking with confidence at the future. So much so, that the carmaker is eying a double digit return in the short fiscal year and a great start for the year to come.

“Due to the order intake worldwide in the past few months, we expect a good double-digit return on sales in the short fiscal year from August to December 2010”, added Lutz Meschke, member of Porsche AG’s executive board in charge of finance and procurement. “With this current order situation, we also anticipate a good start to the new fiscal year 2011.”