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Porsche : First half fiscal year 2001 results

These figures were announced by Porsche's Chief Executive Officer Dr. Wendelin Wiedeking at the company's annual general meeting today. Group turnover increased by 15.5 percent compared with the first half of the last fiscal year, to a provisional total of approximately 3.36 billion Marks.

Sales went up by 9.4 percent to an expected 23,090 vehicles, with 11,274 units accounted for by the 911 (plus 8 percent) and 11,816 by the Boxster (plus 10.8 percent). Total vehicle output will probably amount to 24,710 vehicles (plus 15.8 percent) - including 10,150 Boxsters manufactured in Finland (plus 45.5 percent).

Porsche plans to increase sales worldwide to over 50,000 sports cars for the complete 2000/01 fiscal year (last year: 48,797 cars). As a result the consolidated turnover should exceed last year's level (7.13 billion Marks). Although considerable development costs have been incurred for the third model series (the Porsche Cayenne), the Porsche Group anticipates a profit at least equivalent to the figure for 1999/2000.

(Jan. 19, 2001)

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