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Porsche Posts €1.8B Operating Profit in Q1 2023
Porsche reaffirmed its targets for the full year 2023. The assumption for Group sales revenue ranges from €40 to €42 billion euros. “In the event that global challenges do not significantly worsen, we expect a Group operating return on sales for fiscal year 2023 in the range of 17% -19%,” said Lutz Meschke, Deputy Chairman of the Executive Board and Board Member for Finance and IT at Porsche AG. “In the long run, we are aiming for a Group operating return on sales of more than 20%.” Continue reading →