Porsche said it was “one of the most profitable car manufacturers in the world” as it announced the results for the 2021 calendar year, in which sales and operating profits reached record levels.
Sales were € 33.1 billion, up € 4.4 billion over the previous year, or 15% annual growth. Operating profit increased by 27% to 5.3 billion euros, while operating profit on sales increased from 14.6% to 16%.
“Our positive business results are based on bold, innovative and forward-looking decisions,” said Chairman Oliver Bloom. “Our industry is probably undergoing the biggest transformation in its history. We set a strategic course at an early stage and are strong on the operational front.
Luts Meske, Chief Financial Officer, added: “Our business performance reflects our company’s excellent profitability. “They show our value-added growth and the resilience of our successful business model, even in difficult conditions such as semiconductor shortages.”
Net cash flow increased from € 2.2 billion to € 3.7 billion last year. “This figure also gives impressive evidence: Porsche is well-positioned,” Meshke said.
“Porsche has further increased its efficiency and reduced the breaking point. This allows us to invest in the future viability of our company, despite the tense economic situation. We are firmly investing in electrification, digitalization and sustainability. “I am optimistic that Porsche will emerge stronger from the current global crisis.”
According to the automaker, the crisis in Ukraine has affected its supply chains, “which means that in some cases extraordinary production is no longer possible.”
In 2021, Porsche supplied 301,915 vehicles, up from 272,162 in 2020). The best-selling models were the Macan (88,362) and the Cayenne (83,071). Taycan shipments doubled to 41,296 units.
Almost 40% of all Porsche models sold in Europe last year were electrified.
“Half of the new sales in 2025 are expected to be for electric vehicles,” Bloom said. “By 2030, the share of all new electric vehicles should be more than 80%.”
Porsche has a record – Just Auto
Source link Porsche has a record – Just Auto