Porsche Group revenue in 2022 reaches P2.28-T

The Porsche Group’s revenue last year totaled €37.6 billion (approximately P2.28 trillion).

The said figure cements the marque’s status as one of the most valuable luxury brands in the industry.

During Porsche’s first Annual General Meeting, Chairman of the Supervisory Board Dr. Wolfgang Porsche thanked Porsche employees for helping the company achieved such an esteemed status.

“With your extraordinary personal dedication and sense of responsibility, you have all played a crucial role in making the past year a very successful one for Porsche AG yet again, as well as in ensuring the extraordinary success of our company’s IPO in September 2022, in spite of a multitude of changes and challenges,” Porsche stated.

Additionally, Porsche Chief Executive Officer Oliver Blume was also eager to tell the company’s shareholders about the most successful financial year in the brand’s history.

“These strong results demonstrate that our products are popular with customers all around the world. And with a balanced positioning in the regions of the world, our business model is flexible and robustly balanced even in challenging times,” Blume noted.

In the last fiscal year, Porsche achieved four record figures: Group deliveries, Group sales revenue, Group operating profit, and automotive net cash flow.

The Group’s operating profit was €6.8 billion (around P412.364 billion), exceeding the previous year’s figure by 27.4 percent. Deliveries to customers rose by 2.6 percent to 309,884 vehicles. Automotive net cash flow rose by 5.2 percent to €3.9 billion (about P236.502 billion). The Group's operating return on sales was 18.0 percent, a two-percentage-point increase year on year.

Photos from Porsche

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