2023年のポルシェまとめ：アニュアルプレスコンフェレンス2024

Porsche AG finishes fiscal year 2023 with great success, plans biggest product launch in Porsche history in 2024

The other day, Porsche AG's annual press conference was held, and the future of Porsche in fiscal year 2023 was announced.

The annual reports up to last year are as follows:

In 2024, Porsche will announce four new model lines: ``Panamera, Macan, Taycan, and 911'', and will accelerate further in 2025.

Porsche CEO Oliver Blume said, ``Our company has had a strong fiscal year. 2024 will be the year for Porsche to introduce more products than any previous year. We bring to the world a variety of exhilarating sports cars that will delight customers around the world. This will give us a boost for years to come.'

Let's take a quick look at the presentation:

Group sales in 2023 will be 40.5 billion euros (previous year: 37.6 billion euros), an increase of 7.71 TP1T compared to the previous year
Group operating profit increased by 7.6% year-on-year to 7.3 billion euros (previous year: 6.8 billion euros)
The Group's operating profit margin was 18.0%, despite disruptions to global supply chains, significant inflation and very high investments in digitalisation, product and innovation portfolios and brand experience. maintains stability
Automotive segment net cash flow in fiscal year 2023 of €4.0 billion (previous year: €3.9 billion)

Lutz Meschke, Vice Chairman of the Board of Management for Finance and IT at Porsche AG, says: ``Our strong performance is due to high demand for attractive products and strict cost discipline.''

Porsche achieves ambitious forecasts with high profits

Lutz Meschke continued, ``Porsche has proven in 2023 that it is resilient, highly profitable and financially sound even in uncertain times. It also benefits from a more balanced sales structure than before. Based on this, the foundation will be solidified in 2024 in preparation for 2025. We remain focused on the company's sustainable success. Our customers and employees, our company and our shareholders all benefit.'

Earnings per ordinary share in 2023 will be EUR 5.66 and earnings per preferred share will be EUR 5.67.
Based on the current dividend policy, the Board of Management and the Supervisory Board at the Annual General Meeting will propose a dividend payment of EUR 2.1 billion for the 2023 financial year
This corresponds to more than 40% of the Group's net profit after tax, or 2.30 euros per ordinary share and 2.31 euros per preference share.
Porsche plans to distribute 50% of the group's net profit after tax to shareholders in the medium term

With the announcement of four models, 2024 will be Porsche's "product year"

Porsche team proud of performance in 2023
Despite the challenges, customers remain satisfied with Porsche's exciting products across all model lines.
Global sales volume in 2023 is 320,221 units, an increase of 3.3% from the previous year
The performance of the various sales regions was even more balanced than in the previous year, and on this stable basis Porsche plans to bring to market at least four new or significantly improved model lines with product launches this year. aim

Let's start with the 3rd generation Panamera
- This luxury sedan emphasizes its sportiness with an even more powerful drivetrain.
- A fundamentally modern control concept and numerous innovative technologies further sharpen its profile.
- Includes the new Porsche Active Ride suspension, which combines Porsche's signature sporty driving characteristics with a significantly higher level of comfort.

The next generation Taycan, a fully electric sports car, will be released in the spring
- The new version has more power, longer range, better acceleration, faster charging time, and improved stability.
- Taycan Turbo GT also had its world premiere on March 11th.
- With this, Porsche is the first to move its GT tradition into the electric era, achieving a maximum speed of 305 km/h, maximum output of 815 kW (1108 PS), and a 0-100 km/h acceleration time of 2.2 seconds.
Later this year, the second-generation Porsche Macan will join the lineup in fully electric form.
- Manufactured in Leipzig with ICE models still offered
- Customer demand has been very strong since orders started
Product upgrades for the 911 are scheduled for early summer and will include a high-performance hybrid drive.
- Once again, technology gained from the world of motorsports has been applied to a commercially available model.
- Porsche customers can look forward to further innovations along the same lines.

The improved Cayenne will be released at the end of 2023.
- The third generation luxury SUV features significant improvements in terms of powertrain, chassis, design, equipment and control concept.

Consistent long-term strategy

The new model, with its wide range of customization options, is the foundation for Porsche to further its value-creating growth strategy.
Porsche is working on three powertrain combinations: an efficient ICE, an exciting plug-in hybrid and an innovative fully electric model.
One of the strategies is to maintain maximum flexibility in the production of different types of powertrains.
At the same time, Porsche is investing in the brand and its ecosystem to provide customers with an outstanding experience and service.
As Porsche transforms its company, it is making significant investments in innovation, digitalization, sustainability and the people who shape Porsche through their day-to-day work.
Porsche continues to promote the development of e-mobility, keeping an eye on social changes and long-term customer demand trends.
Fully electric 718 planned for mid-2020s
Next up is the electric car Cayenne.
The company plans to expand its product portfolio upwards with a fully electric SUV that will be positioned above the Cayenne in a sporty manner.
The all-new concept car will be based on the SSP Sport platform developed by Porsche and will be built in Leipzig.
Powerful performance, self-driving capabilities and an all-new interior experience are intended to open up new customer possibilities, especially in the US and China.

New Automotive IT Board Member: Sajjad Khan

In November 2023, Sajjad Khan was appointed to the Board of Directors of Porsche AG.
He heads up the newly created automotive IT department on the board, which includes connectivity and infotainment topics.
He brings a lot of experience and together with the team will continue to develop the automotive IT sector
At the Porsche Development Center in Weissach, Kahn will work closely with Michael Steiner, Director of Research and Development.

In the first quarter of 2024, Porsche made significant investments in digital and software partnerships
This includes the complete acquisition of management and IT consultancy MHP and investment in Applied Intuition.
Silicon Valley-based Applied Intuition further strengthens Porsche's automotive IT and customer experience expertise
Development partnership begins with Mountain View-based MHP

Sustainability remains a focus

Porsche also maintains ambitious sustainability goals
By 2030, Porsche aims to fully electrify its new cars 80% and above, responding to customer demand and the development of electric mobility in each region of the world.
We are also focusing on e-fuel.
Renewable synthetic fuels could allow internal combustion engines to operate nearly carbon-neutral
I'm also thinking about existing vehicles.
There are approximately 1.3 billion cars in the world with internal combustion engines, many of which will probably still be in use for more than 30 years.
Porsche launches first commercial eFuels plant in Chile with partners
With this pilot plant, Porsche and its partners will show how e-fuel production works on an industrial scale
Adding e-fuel to fuel can reduce CO2 emissions from fossil fuels
We also aim to use environmentally friendly materials in new cars, such as the interior of the fully electric Macan.
- Production of the new Macan in Leipzig is purely carbon neutral
- The Leipzig factory is powered exclusively by green electricity and uses biomethane and biomass to meet its heating needs.
- Supporting the expansion of renewable energy to meet the power needs of the fully electric Macan

Porsche expects group operating profit margin to be 15-17%

Porsche AG expects the Group operating profit margin for the full year 2024 to be between 15 and 171 TP1T for the following reasons:
- Complete renewal of product lineup in 2024
- Global framework status
- Increased depreciation of capitalized development costs
- Continuous investment in the brand and the Porsche ecosystem
The forecast includes expected sales of between €40 billion and €42 billion.
In the medium term, we are maintaining our forecast for an operating profit margin of approximately 17 to 191 TP1T.
In the long term, we are aiming for a group operating profit margin of 20% or higher.
To achieve long-term profit goals, Porsche is promoting its Road to 20 program
Once again, significant funds will be invested in developing new revenue streams, with the first projects in the Road to 20 program offering special offers and services that exceed customer expectations.
We are currently developing some very exciting products and services.
As of the end of 2023, the number of employees in the Porsche Group will be 42,140, an increase of 7.6% compared to the previous year.
Porsche has made a number of hires to further strengthen its technical and software expertise, particularly in the areas of development and IT.

Porsche AG Group	FY 2023	FY 2022¹	Year-on-year
delivery	320,221 units	309,884 units	+3.3%
sales revenue	40.53 billion euros	37,637 million euros	+7.7%
Operating income	7,284 million euros	6,772 million euros	+7.6%
Operating profit margin	18.0%	18.0%	-
Automobile net cash flow	3.973 billion euros	3,866 million euros	+2.8%

*1: Previous year adjusted based on IFRS

Finally, just in case, the following disclaimer is posted in this announcement, so I will reprint it here as well.

Disclaimer

This presentation contains forward-looking statements and information that reflect Dr. Ing. hc F. Porsche AG's current views about future events. These statements are subject to many risks, uncertainties, and assumptions. They are based on assumptions relating to the development of the economic, political, and legal environment in individual countries, economic regions, and markets, and in particular for the automotive industry, which we have made on the basis of the information available to us and which we consider to be realistic at the time of publication . If any of these risks and uncertainties materializes or if the assumptions underlying any of the forward-looking statements prove to be incorrect, the actual results may be materially different from those Porsche AG expresses or implies by such statements. Forward-looking statements in this presentation are based solely on the circumstances at the date of publication.

We do not update forward-looking statements retrospectively. Such statements are valid on the date of publication and can be superseded.

This information does not constitute an offer to exchange or sell or an offer to exchange or buy any securities.

Source:
◆(Official)Porsche AG enters its biggest year of product launches in a strong position
◆(Official) Porsche AG starts off the year with its biggest product launch on a high note

Rika (911supercars.com)

I'm Rika, the author of this article. Ever since Porsche 911 became my favorite car, I've become totally addicted to Porsche, and I can't stop loving Porsche, so I started this blog. My favorite cars are 911 Carrera (991.2), 911 Carrera Cabriolet (992.1), and 911 Carrera T (992.1).