Porsche sees 40% rise in profits in first nine months, confirms outlook

Porsche sales revenue grew to 26.74 billion euros in the first nine months of the year with operating profit up to 5.05 billion euros, the newly listed luxury carmaker said on Friday, with a return on sales of 18.9%.

Profits were 40.6% above last year's with just a 15.7% increase in revenue and just a 2% increase in deliveries, showing higher profitability per car boosted by exchange rate effects, the statement said.

Porsche, which was listed on the Frankfurt Stock Exchange on September 29, stuck to its outlook for the full year of a 17-18% return on sales with a mid-term target of 17-19%.