The first quarter of 2016 numbers have spoken — Porsche is currently the most profitable car manufacturer in the world. Increased turnover, delivery, and results demonstrate Porsche offers the most diversified and attractive model program in corporate history. Porsche is consistently moving along the path to achieve a profitability target of 15% by the conclusion of Fiscal Year 2016.
Several Factors Contribute to Porsche’s 2016 Success
One or two factors were not deciding factors in Porsche’s success. Rather, a number of components contributed to steady growth.
Turnover improved to 5.4 billion euros, a growth of +6%. Operating results improved to 896 million euros at an increase of +17 %. Porsche deliveries grew at +10% with 55,974 deliveries made. Sales operating return was 16.7%. All these numbers combined leave Porsche in a position other premium auto manufacturers envy.
New models also generated excitement and profits. The new 718 Cayman, 718 Boxter, and 911 model series coupled with social responsibility efforts impressed customers, evident with Porsche’s value-added growth. Net cash flows reflect the present currency trend in addition to deliveries.
Porsche also grew its workforce to 25,081 employees, up from 22,945 employees a year ago, a +9% increase. Porsche is committed to developing the potential of its workforce with diverse opportunities.
While Porsche’s results are on par with last year, Porsche expects a slight increase in deliveries and turnover by the end of 2016. Last year say high levels of site investments, development expenditure, and a billion-euro investment in the Mission E. The overall goal is not to achieve record deliveries, but to provide safe jobs, respectable returns, and smart growth.
To check out the new 911, 718 Cayman, or 718 Boxster model series, come by Porsche Auto Gallery Woodland Hills to view our inventory. You can also subscribe to our newsletter to stay afloat of current Porsche trends.