.

     

.

.

 

 

 

..

.

.

.

 

.

 

Google

Web

autointell.com

Related Reports:

 

© 1998 - 2004 Copyright &
Disclaimer
Automotive Intelligence,
www.autointell.com
All Rights Reserved .
For questions please contact
editor@autointell.com
.

.
Porsche Front   Porsche Management   Porsche Manufacturing
Porsche Product Development   Porsche Production&Sales.
.

Porsche : Fiscal year 1999/2000 results

A further growth phase at Porsche - Turnover, sales and output have increased again

Stuttgart, Germany - Dr. Ing. h.c. F. Porsche AG, Stuttgart, recorded a renewed surge in growth in  the 1999/2000 business year (August 1, 1999 to July 31, 2000). Chief Executive Dr. Wendelin Wiedeking commented on the provisional figures as follows: "We have kept our word and clearly surpassed even our own ambitious targets!"   

Group turnover, according to provisional figures went up by over 13.3 percent to approximately seven billion DM (previous year: 6.2 billion DM).

 

48,815 cars were manufactured, 8.2 percent more than in the previous year (45,119). This growth was only possible because additional Boxster assembly in Finland was increased from 13,459 to 16,803 vehicles.

Group sales were increased by 10.9 percent to 48,797 vehicles (previous year: 43,982 vehicles). The 911 accounted for 23,050 units, of which 1,605 were already the Turbo model launched in June 2000. The new Boxster S, with 10,770 units, accounted for 41,8 percent of the total of 25,747 units for the Boxster model line. The pre-tax result has also improved further (previous year: 698.2 million DM) despite considerable development costs for the Porsche Cayenne.

Thanks to the sustained high popularity of both model lines and the increase in Turbo production to about 4,000 units, Porsche anticipates further growth in production and sales for the 2000/2001 business year. Although the current business year is the most seriously affected in terms of development costs for the Cayenne - Porsche's sports utility vehicle - the company still looks forward to a favorable profit situation. Dr. Wiedeking: "We are on course. Although development sector costs are still increasing because of new projects, we remain highly profitable."

(September 19, 2000)

.
 Homepage  News   Companies   Management     Publications   Events     Careers
Services   Discussion   Guestbook   Search
.

 .
.