Porsche has reported a 2% increase in revenue for the first quarter of the year to €5.5 billion ($6 billion), alongside a 7% increase in deliveries to almost 59,700 vehicles, compared to the same period last year.
The US, China and Germany remain the premium carmaker’s top three markets for vehicles made at its Leipzig and Stuttgart plants. The Porsche Cayenne is also made at parent company VW’s plant in Bratislava, Slovakia, and final assembly of the model is carried out at the VW plant in Osnabrück, Germany.
Last year in total Porsche delivered nearly 237,780 vehicles, led by the Macan and Cayenne models.
Oliver Blume, chairman of the executive board at Porsche, put the figures down to the attractiveness of the OEM’s vehicles. “The new Panamera has been very well received by our customers – particularly in its plug-in hybrid variants and as the Sport Turismo. Models like the Panamera Turbo S E-Hybrid prove that electromobility and peak sports performance are not contradictory concepts at Porsche,” he commented.
Looking ahead to 2017, the company said it expected moderate growth in deliveries and revenue and was aiming at achieving an operating profit margin of at least 15%.