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Related Reports:

• Fiscal Year 2003/2004 Results

• Massive increase in Porsche profits 1999/2000

• Turnover, sales and output in 1999/2000 have increased again

• A further growth phase at Porsche 199/2000

• New plant - 100 million German mark investment

• First half fiscal year 2001 results

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Porsche : Fiscal year 1999/2000 results

At 480.5 million DM Porsche AG also achieved a considerably higher pre-tax result than in the previous year (452.3 million DM). The surplus for the year in this case was 216 million DM compared with 180 million DM last year. 

A proposal will be made to the Annual Shareholders' Meeting on January 19th, 2001 that for the 1999/2000 business year (which ended on July 31, 2000), holders of common stock should receive a dividend of 29 DM per share and preferred stock holders a dividend of 30 DM per share. This calls for a total allocation of 51.625 million DM, thus surpassing the figure of 42.875 million DM for the previous year, when common stock holders received a dividend of 24 DM and preferred stock holders one of 25 DM. The Shareholders' Meeting will also be asked to approve retained earnings of 56.375 million DM. 

Porsche was able to expand its business considerably during 1999/2000. Group sales rose by 10.9 percent to 48,797 vehicles and sales revenues by 15.4 percent to 7.134 billion DM. The prospects for revenue and profit in the current year are also positive. In the words of Chief Executive Dr. Wendelin Wiedeking: "Demand for our 911 and Boxster model lines is extremely dynamic all over the world. We have therefore not only boosted Turbo output to 4,000 vehicles per year, we will also further increase total output and sales of all Porsche models." 

(Nov. 14, 2000)

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