Volkswagen Unit Porsche Aims for Flat Earnings This Year
March 15 2013 - 6:02AM
Dow Jones News
By Friedrich Geiger
FRANKFURT--Volkswagen AG (VOW.XE) subsidiary Porsche AG said
Friday it is striving for flat earnings in 2013, in line with the
parent company's goal for the entire group.
Porsche's operating result rose 19% last year to EUR2.44 billion
($3.19 billion) as revenue increased 27% to EUR13.9 billion. Both
are record levels for the sports car maker.
Sales rose 22% to 143,096 vehicles. The 911 model series showed
the highest growth rate. "The new generation of the sports car icon
found such great reception among customers that sales increased by
49%," said the company. Porsche's sales rose 34% in North America
and 32% in China.
Volkswagen said Thursday the group's goal for operating profit
is to match the 2012 level this year given ongoing uncertainty in
the economic environment, despite being confident that deliveries
will increase.
Write to Friedrich Geiger at friedrich.geiger@dowjones.com
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