The Porsche group obtained a net profit of 4,957 million euros in 2022, which represents an increase of 22.75% compared to the 4,038 million euros registered in 2021, according to the figures presented by the company this Monday. “In difficult conditions, we achieved the best result in Porsche history by far,” said Porsche CEO Oliver Blume.
Between January and December of last year, Porsche recorded revenue of 37,630 million euros, that is, 13.55% more than the 33,138 million euros of the previous year. Likewise, the company’s operating profit grew by 27.39% in 2022 and stood at 6,770 million euros, compared to 5,314 million euros in 2021. Thus, the entity’s operating margin last year was 18%, two percentage points more than in the previous year.
In 2022, Porsche delivered 309,884 vehicles to customers around the world, an increase of 2.6% year-on-year compared to the 301,915 cars delivered in the previous year.
The vice president of Porsche and head of the area of finance and information technology, Lutz Meschke, has attributed this increase to the “improved positioning of prices, the solid mix of products (…), the effects of the exchange rate” and its ‘strict cost discipline’.
By region, China accounted for 30% of vehicle deliveries in 2022, followed by North America (26%), Europe (20%, excluding Germany) and Germany (10%), while the company has attributed the remaining percentage to its other global markets. Meanwhile, the best-selling models last year were the Cayenne (95,600 units), the Macan (86,700 units) and the 911 closes the podium (40,400 units).
They are followed by the Taycan (34,800 units), the Panamera (34,100 units) and the 718 (18,200 units) With these figures, the company will propose to the shareholders’ meeting to allocate 916 million euros to the payment of dividends, which corresponds to the payment of 1 euro for ordinary title and 1.01 euros for preferred shares. Regarding the forecasts for this year, Porsche expects to achieve an operating margin of between 17% and 19%, with a turnover of between 40,000 and 42,000 million euros.
“In the long term, our goal is to achieve an operating margin on sales of more than 20%,” added Meschke.