Porsche announced today that its growth course continued in the first three of the short fiscal year 2010 (1 August to 31 December). The German manufacturer sold 21,218 vehicles, which means its sales were up 86.4 percent compared to was a relatively weak prior-year quarter.
In addition, Porsche’s revenue also increased to 2.06 billion euro, up 80.3 percent on the comparative period of the past fiscal year.
According to Porsche, the operating result reached 395 million euro in the first three months, after 52 million euro in the prior-year quarter. As expected, the best-seller was the new Porsche Cayenne, with 10,292 units sold, which means that the sales of the new SUV were up 151 percent.
Furthermore, the Panamera also brought some significant numbers, and Porsche announced that sold over 5,778 vehicles and a growth rate of 94 percent.
The 911 sports car achieved a growth of 20.4 percent, at unit sales of 3,130 vehicles, while the Boxster series sales were up 17.5 percent, with 2,018 vehicles sold. Of these, 1,089 vehicles were Boxster vehicles and 929 Cayman vehicles.
Porsche reported that for the first three months of this year, sales went up to 63% or about 7,082 cars. Majority of the sales were generated by the German market, comprising of 2,318 units sold or about 50.1%.
The company reported that results for the Americas were even better with Porsche disclosing that 7,082 units were sold (an 82% increase) with North America disclosing that 6,632 units were sold. For Asia and other countries worldwide, vehicle sales also went up 126% to 6,868 units.
The current development is due to the fast growth of China. In Leipzig, 55.6% more units were sold totaling 12,699. However there were also facilities that did not get positive results like the one in Zuffenhausen where the 911 model’s production went down 7% to 3,902 units. The Boxster model series meanwhile saw higher figures increasing to 2,549 units or about 4.2%.
This breaks down to 1,185 units for the Cayman models and 1,364 units for the Boxster. Mainly due to this amazing sales increase, Porsche has been able to generate a lot of jobs. As of the quarter ended Oct. 31, 2010, total number of employees was at 13,043, which was 2.5% higher than the quarter ended July 31, 2010, of 12,722 employees.
Furthermore, Porsche reveals that for the quarter ended Oct. 31, 2010, employees who had joined the company prior to Aug. 1, 2009, were paid 2,100 euro as special voluntary payment.