Porsche AG booked functioning income of EUR1.2bn in the 1st quarter of 2021, additional than double the prior year’s EUR572m in the identical interval.

Profits grew from EUR6bn in the prior yr quarter to EUR7.7bn, an raise of 28%, although return on revenue improved from nine.five to sixteen.2%. With these achievements, Porsche stays one particular of the most lucrative motor vehicle makers in the world.

“We have started off the yr very well and expect that we will after all over again attain our strategic objective of a 15% return on revenue in 2021,” explained finance chief Lutz Meschke. “Achieving this benchmark is an even larger achievement simply because we are investing substantially additional in contrast with the past in electrification, digitalisation and also sustainability.”

Porsche shipped just about seventy two,000 automobiles around the world in the 1st three months of the yr, an raise of 36% yr on yr.

The most common model was the Macan.