Porsche profits still plump
27 January 2006

Porsche’s recent success story shows no sign of abating, after the German sportscar manufacturer announced growths in sales and profits over the last six months.

The Weissach firm sold just under 42,000 cars in the six months to the end of January, up 17 per cent year on year. Strong sales of 911 and Boxster helped profits to rise by 11 per cent to £188m. Porsche also sold 32,000 vehicles in America last year, out of a total 88,000. It believes it will sell over 90,000 cars in 2006.

Dr Wendeling Wiedeking also remained optimistic that the firm’s prospects would not be affected by investment in the forthcoming four-door Panamera. ‘In spite of the costs involved in the development of that car, earnings will again reach a high level,’ he said.

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