Sales in Q1-Q3 2022 increased by 15.7% to €26.74 billion
It was an important quarter for Porsche "IPO"It was recently announced that sales in the third quarter (June-September) of 2022 were very strong.However, looking at Q1 to Q3, sales seem to be very strong.
Porsche AG and its consolidated subsidiary Porsche Group/or Porsche increased group sales by 15.7% year-on-year to 26.74 billion euros (approximately 3.94 trillion yen) (23.12 billion euros in the same period last year).
As a result, the Group's profit margin on sales was 18.9% (15.5% in the same period last year).
Group operating profit increased by 40.61 TP1T to 5.05 billion euros from 3.59 billion euros in Q1-Q3 2021 last year.
The increase in operating profit is said to be primarily due to a significant increase in revenue per unit, the impact of foreign exchange rates, and an increase in group sales.
Between January and September 2022, Porsche generated a net cash flow of 3.27 billion euros in the automotive division (2.88 billion euros in the same period last year).
| Porsche AG | 2021 Q1-Q3 | 2022 Q1-Q3 | % |
| group sales | 23.12 billion euros | €26.74 billion | +15.7% |
| Group operating income | 3.59 billion euros | €5.05 billion | +40.6% |
| Group profit margin | 15.5% | 18.9% | |
| Automotive net cash flow | 2.88 billion euros | 3.27 billion euros | +13.6% |
Porsche's shipments increased slightly until the end of September 2022.The number is 221,512. This is also an increase of 2% from the same period last year (217,198 units in the same period last year).
Porsche Financial Services (PFS), the Group's financial services division, posted solid results in the January-September 2022 period with sales of EUR 2.47 billion and an operating profit of EUR 301 million.
By the way, PFS sales in the same period last year were 2.32 billion euros, and operating profit was 227 million euros, an increase of 6.0% and 32.7% respectively.
For Porsche AG, there are still issues such as confusion in the global supply chain and shortage of parts for producing cars & furthermore, IPO bonuses will be paid to employees (4th quarter of 2022). Even if you put in the decision, it seems that 2022 will also have a good outlook throughout.
The medium-term target for the profit margin on sales is about 17 to 191 TP1T, and the long-term ambition is to achieve 201 TP1T.
Source:(Official) Porsche AG on track with strong results
Related article:
◆Third Quarter 2022 Porsche Sales Worldwide (Q1-Q3)
◆2022 Q3 Porsche sales in North America
◆ 2022 Q2 Porsche sales in North America
◆ Worldwide Porsche sales in the first half of 2021 (Q1 & Q2)
◆ 2022 Q1 Porsche sales in North America
◆ 2022 Q1 Porsche sales worldwide
◆ Porsche AG's sales and operating income increased in the first quarter of 2022 (Hmm?)
◆ Porsche Summary for 2021: Annual Report 2022
◆ 2021 New car sales in Porsche (overall & in Japan)
◆ Porsche sales in North America in Q4 2021 and overall in 2021
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).
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