“The global economic situation remains tense,” said CFO Lutz Meschke. “Efforts to secure supply chains and parts availability, general rising costs and various geopolitical tensions continue to pose challenges for Porsche AG.

“Nevertheless, Porsche confirms its forecast for the full year of 2023, provided that the global economic and supply chain situation does not worsen significantly. At the end of the full year 2023, Porsche expects a Group operating return on sales in the range of 17% to 19%. This forecast includes assumed Group sales revenues ranging from €40 to 42 billion euros.

“Despite the global challenges, we are investing extensively in our development, in innovations and the entire Porsche ecosystem for future products and services. We are resolute in our endeavor to move ahead with our strategy of modern sporty luxury,” Meschke concluded.