#Sport Luxury
The Sport & Luxury brand group consists of the Porsche brand. The underlying brand, Dr. Ing. h.c. F. Porsche AG has been listed on the stock exchange since September 2022.
11 contents with this tag
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Porsche remains on course and confirms forecast for full year 2024
Porsche AG continued on its planned course in the first nine months of 2024.
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Porsche delivers 155,945 vehicles in the first half of the year
In the year of product launches, Porsche maintains stable sales in the first half of 2024: a total of 155,945 vehicles were handed over to customers worldwide between January and June.
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Porsche AG updates product range and doubles dividends
Porsche AG holds its virtual Annual General Meeting on 7 June. Chairman of the Executive Board Oliver Blume expresses his satisfaction to the company’s shareholders and explains the current strategy, which the management aims to continue pursuing despite the challenging macroeconomic conditions.
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Porsche AG kicks off a year of product launches with determination
Porsche AG has got off to a vigorous and forward-looking start to the challenging 2024 financial year. In this year of product launches, the sports car manufacturer is renewing four out of its six model lines. The first quarter was marked by the ramp-ups of the third model generation of the Panamera and the new Taycan. In addition, large-scale investments have been made in digitalization and research and development. Accordingly, the Porsche Group recorded an expected decline in sales and earnings in the first three months. At the end of the quarter, Group sales revenue amounted to 9.01 billion euros (previous year: 10.10 billion euros). Group operating profit was 1.28 billion euros (previous year: 1.84 billion euros). Group sales revenue came in at 14.2 per cent (previous year: 18.2 per cent).
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Porsche AG enters its biggest year of product launches in a strong position
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Macan sets new standards: the first all-electric SUV from Porsche
Porsche is launching its second all-electric model: the new Macan with powertrains of up to 470 kW (639 PS) delivers E-Performance on any terrain and a high level of day-to-day usability. Sports car-like performance figures are matched by high-performance fast charging at up to 270 kW and up to 613 km of range in WLTP.
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Porsche expands partnership with Google
Porsche and Google are expanding their collaboration with the goal of enabling even deeper integration of Google services in Porsche vehicles.
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Porsche AG posts robust growth in first nine months
Roughly a year after its successful IPO on September 29, 2022, Porsche AG again reported strong business figures for the third quarter of 2023. In the first nine months of the year, the sports car manufacturer increased both Group sales revenue and Group operating profit.
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Porsche pleased with first year after IPO
Porsche AG is looking back on its first year after its much-anticipated IPO on 29 September 2022. “Today, we can say that our IPO has been a huge success. It’s good for our customers, our shareholders and our employees as well,” says Chairman of the Executive Board Oliver Blume. “With the greater entrepreneurial freedom and flexibility, we are able to set our own priorities. We can also act more quickly and with greater focus. In a dynamic and challenging global environment, that’s more important than ever.”
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Brands & Brand Groups
The Volkswagen Group is undergoing the biggest transformation process in its history as it evolves from an international automotive company into a software-centric global leader in sustainable mobility by 2030.
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Volkswagen to start review of Porsche AG IPO