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A clear step forward

In the 2016 financial year, Porsche AG achieved record highs in terms of deliveries, revenue, operating result and number of employees. Deliveries increased by six per cent to 237,778 vehicles, thereby achieving a revenue of €22.3 billion. At the same time, the operating result rose disproportionately by 14 per cent to €3.9 billion. Return on sales experienced particularly impressive growth, increasing from 15.8 per cent (2015) to 17.4 per cent. By the end of 2016, Porsche’s workforce had grown by 13 per cent to 27,612 employees.

The chairman of the executive board of Porsche AG, Oliver Blume, expressed his thoughts at the annual press conference in Stuttgart-Zuffenhausen: “The successful annual financial statement attests to the quality of our strategy. Porsche represents value-creating growth. We’re concentrating on delighted customers, solid returns and secure jobs.”

Lutz Meschke, deputy chairman of the executive board and member of the executive board for finance and IT, stressed: “With a profit margin of over 17 per cent, Porsche continues to be among the most profitable automobile manufacturers in the world. The key to this achievement is our unique range of products and our healthy cost structure.”

Porsche is preparing for the mobility of the future. As a result, research and development expenditure was deliberately increased, so that in the 2016 financial year, the figure rose to €2.2 billion. The sports car manufacturer is investing in the development of new plug-in hybrid vehicles and the purely electric Mission E vehicle, as well as in digital transformation.

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