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German performance car maker made record sales and profits despite "difficult" market conditions in 2022

Porsche recorded “its strongest result in history” with record revenue, profit, and sales in 2022, despite “difficult” market conditions.

During its annual general meeting (AGM) this morning, the German firm said its operating profits hit €6.8bn (£6bn) in 2022, a 27.4% rise on 2021; its revenue rose to €37.6 billion, a growth of 13.6%; and its sales reached 309,884, up from 301,915.

These strong sales figures were led by the Porsche Cayenne SUV, its top seller, which grew 15% to 95,604 sales worldwide, followed by the 911 sports car range (40,410, a 5% rise) and the Panamara saloon/estate (34,142, a 13% rise). 

China was again the firm’s most profitable market, with 93,000 sales, followed by North America, with 70,000.

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