Sales revenues rose by 14.0 per cent to 20.43 billion euros. The operating profit rose by 10.7 per cent to 3.85 billion euros. The Group operating return on sales ended the first half-year at 18.9 per cent – and thus in the upper range of the target corridor of 17 to 19 per cent. Automotive net cash flow declined slightly to 2.22 billion euros (previous year: 2.39 billion euros) due to extensive investment in products and innovations. Due to heightened investment activity in ongoing operations and temporarily higher inventory, the net cash flow margin for the automotive segment came in at 11.7 per cent (previous year: 14.5 per cent).  Deliveries to customers rose by 14.7 per cent to 167,354 cars in the first six months of 2023. 

On the right track

Chairman of the Executive Board Oliver Blume is optimistic in view of the half-year results: “Once again we have posted successful figures while investing extensively in our future at the same time. This demonstrates our uncompromising commitment to our strategy. The feedback from our customers and our results demonstrate that we’re on the right track.”

Oliver Blume, Chairman of the Executive Board of Porsche AG, 911 Targa 4 GTS, Annual Press Conference, 2022, Porsche AG
Oliver Blume, Chairman of the Executive Board

Lutz Meschke, Deputy Chairman of the Executive Board and Board Member for Finance and IT, praises the Porsche team for its performance in the first six months of the year: “We’re proud of the results that we have achieved in this challenging environment. The increase in sales and profits are due primarily to higher sales with stable pricing. It’s been an outstanding team effort,” says Meschke. “Group operating profit rose by almost 11 per cent despite higher costs compared to last year. The increased costs were due in part to the inflationary environment, intensified sales activities relating to the launch of the new Porsche Cayenne, digitalization and our increased motorsport engagement.”

The global economic situation remains tense. Efforts to secure supply chains and parts availability, general rising costs and various geopolitical tensions continue to pose challenges for Porsche AG. Nevertheless, Porsche confirms its forecast for the full year of 2023, provided that the global economic and supply chain situation does not worsen significantly. At the end of the full year 2023, Porsche expects a Group operating return on sales in the range of 17 to 19 per cent. This forecast includes assumed Group sales revenues ranging from 40 to 42 billion euros. “Despite the global challenges, we are investing extensively in our development, in innovations and the entire Porsche ecosystem for future products and services. We are resolute in our endeavour to move ahead with our strategy of modern sporty luxury,” emphasises CFO Lutz Meschke.  

The financial services division Porsche Financial Services (PFS) continued its steady growth in the first six months of the year: sales revenue rose to 1.65 billion euros (previous year: 1.62 billion euros). PFS’s operating profit declined to 147 million euros (previous year: 216 million euros). The decrease was largely due to the measurement of interest rate hedges as well as lower releases in the area of loan loss provisions.

Porsche AG Group 

H1 2023 

H1 2022 

Change 

Sales revenue

€20.43 billion 

€17.92 billion 

+14.0%

Operating profit

€3.85 billion

€3.48 billion

+10.7%

Operating return on sales

18.9%

19,4% 

 

Automotive net cash flow

€2.22 billion 

€2.39 billion 

-7.2%

Deliveries to customers 

167,354

145,860

+14.7%

 

Disclaimer

This press release contains forward-looking statements and information that reflect Dr. Ing. h.c. F. Porsche AG's current views about future events. These statements are subject to many risks, uncertainties, and assumptions. They are based on assumptions relating to the development of the economic, political, and legal environment in individual countries, economic regions, and markets, and in particular for the automotive industry, which we have made on the basis of the information available to us and which we consider to be realistic at the time of publication. If any of these risks and uncertainties materializes or if the assumptions underlying any of the forward-looking statements prove to be incorrect, the actual results may be materially different from those Porsche AG expresses or implies by such statements. Forward-looking statements in this press release are based solely on the circumstances at the date of publication.

We do not update forward-looking statements retrospectively. Such statements are valid on the date of publication and can be superseded.

This information does not constitute an offer to exchange or sell or an offer to exchange or buy any securities.

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Consumption data

911 S/T

WLTP*
  • 13,8 l/100 km
  • 313 g/km

911 S/T

Consumo di carburante / Emissioni
consumo carburante combinato (WLTP) 13,8 l/100 km
emissioni CO₂ combinato (WLTP) 313 g/km
Classe di efficienza: G

911 Targa 4 GTS

WLTP*
  • 11,3 – 10,8 l/100 km
  • 257 – 245 g/km

911 Targa 4 GTS

Consumo di carburante / Emissioni
consumo carburante combinato (WLTP) 11,3 – 10,8 l/100 km
emissioni CO₂ combinato (WLTP) 257 – 245 g/km
Classe di efficienza: G

Macan 4 Electric

WLTP*
  • 0 g/km
  • 21,1 – 17,9 kWh/100 km
  • 516 – 613 km

Macan 4 Electric

Consumo di carburante / Emissioni
emissioni CO₂ combinato (WLTP) 0 g/km
consumo elettrico combinato (WLTP) 21,1 – 17,9 kWh/100 km
Gamma elettrica combinata (WLTP) 516 – 613 km
Gamma elettrica in aree urbane (WLTP) 665 – 784 km
Classe di efficienza: B

Macan GTS

WLTP*
  • 11,7 – 11,3 l/100 km
  • 265 – 255 g/km

Macan GTS

Consumo di carburante / Emissioni
consumo carburante combinato (WLTP) 11,7 – 11,3 l/100 km
emissioni CO₂ combinato (WLTP) 265 – 255 g/km
Classe di efficienza: G

Modelli 718 Boxster

WLTP*
  • 13,0 – 8,9 l/100 km
  • 294 – 201 g/km

Modelli 718 Boxster

Consumo di carburante / Emissioni
consumo carburante combinato (WLTP) 13,0 – 8,9 l/100 km
emissioni CO₂ combinato (WLTP) 294 – 201 g/km
Classe di efficienza: G

Modelli 911 Carrera

WLTP*
  • 11,4 – 10,1 l/100 km
  • 259 – 229 g/km

Modelli 911 Carrera

Consumo di carburante / Emissioni
consumo carburante combinato (WLTP) 11,4 – 10,1 l/100 km
emissioni CO₂ combinato (WLTP) 259 – 229 g/km
Classe di efficienza: G

Modelli Cayenne E-Hybrid

WLTP*
  • 2,0 – 1,4 l/100 km
  • 46 – 31 g/km
  • 31,8 – 28,6 kWh/100 km
  • 66 – 78 km

Modelli Cayenne E-Hybrid

Consumo di carburante / Emissioni
consumo carburante combinato (WLTP) 2,0 – 1,4 l/100 km
emissioni CO₂ combinato (WLTP) 46 – 31 g/km
consumo elettrico combinato (WLTP) 31,8 – 28,6 kWh/100 km
Gamma elettrica combinata (WLTP) 66 – 78 km
Gamma elettrica in aree urbane (WLTP) 76 – 90 km
Classe di efficienza: F

Modelli Taycan Cross Turismo (2023)

WLTP*
  • 0 g/km
  • 24,8 – 21,3 kWh/100 km

Modelli Taycan Cross Turismo (2023)

Consumo di carburante / Emissioni
emissioni CO₂ combinato (WLTP) 0 g/km
consumo elettrico combinato (WLTP) 24,8 – 21,3 kWh/100 km
Classe di efficienza: C