From Business

Delivery record for Porsche in 2011

22 per cent rise in worldwide customer deliveries

Stuttgart. Dr. Ing. h.c. F. Porsche AG, Stuttgart set a new delivery record in 2011: 118,867 vehicles were sold worldwide; a 22.2 per cent increase compared with the year before. The Stuttgart-based sports car manufacturer thereby significantly exceeded the planned target of 100,000 customer deliveries in 2011. “With sports car sales of just less than 120,000, 2011 was a record year for Porsche,” said Matthias Müller, President and Chief Executive Officer of Porsche AG. “We are planning to continue growing in 2012 as well. The new 911 generation will galvanize the market.” In December 2011, Porsche delivered 9,157 vehicles to customers. Demand was especially strong in Europe with an increase of 19.8 per cent compared with the same month the year before. Read more

Porsche unveils the 911 Cabrio to the public for the first time in Detroit

US deliveries in 2011 increase by 15 per cent to 29,023 vehicles

Stuttgart. Dr. Ing. h.c. F. Porsche AG, Stuttgart, is getting 2012 underway with a world premiere: The sports car manufacturer is unveiling the Cabrio version of the new 911 for the first time at the North American International Auto Show in Detroit (9 – 22 January). As one of the world’s largest auto shows, the Detroit Motor Show traditionally ushers in the new automotive year. The show in the automotive capital is regarded as an important international marketplace and forum for trends and opinions that is of particular significance for the North American market.

“The USA is and remains an important market for Porsche with good growth prospects,” said Bernhard Maier, Porsche AG Board of Management Member for Sales and Marketing. “Detroit was deliberately chosen for the world premiere of the new 911 Cabrio because the USA is far and away our largest 911 Cabrio market.” The Coupé variant of the sports car classic will be available in the USA starting in February 2012 with the Cabriolet following a few months later, providing a fresh impetus. Read more

Very positive development of investments overshadowed by special effect

Revaluation of the put and call options negatively influences the nine-month profit/loss of Porsche SE / Effect does not impact liquidity

Stuttgart, Germany, 4 November 2011. In the first nine months of the fiscal year 2011, Porsche Automobil Holding SE, (Porsche SE) Stuttgart, reported a loss after tax of 462 million euro at group level. Profit from Porsche SE’s investments accounted for at equity, comprising the profit from Porsche Zwischenholding GmbH and Volkswagen AG attributable to Porsche SE, was clearly positive at 3.42 billion euro. However, the group’s profit was burdened by a non-cash special effect of minus 3.70 billion euro from the adjustment of the valuation of the put and call options for the shares in Porsche Zwischenholding GmbH remaining with Porsche SE. Read more

Profit after tax reaches 149 million euro in the first half of the year

Very good operating development of investments / burden from non-cash special effect

Stuttgart, 2 August 2011. In the first six months of the fiscal year 2011, Porsche Automobil Holding SE, Stuttgart (Porsche SE) reported profit after tax of 149 million euro at group level. In the first half of 2010, the group had reported a loss of 1.62 billion euro.

The profit for the first six months of 2011 was primarily influenced by two matters: Profit from investments accounted for at equity, comprising the profit from the investments held by Porsche SE in Volkswagen AG and Porsche Zwischenholding GmbH, came to 1.93 billion euro. Of this figure, 202 million euro was attributable to the Porsche Zwischenholding GmbH group and 1.72 billion euro to the Volkswagen group. On the other hand, the Porsche SE group’s profit was burdened by a non-cash special effect from the valuation of the put and call options for the shares in Porsche Zwischenholding GmbH remaining with Porsche SE totaling minus 1.64 million euro. Due to this special effect, profit after tax in the first half of 2011 was considerably lower than in the first quarter of 2011 at 691 million euro. Read more

Prof. Dr. Winterkorn: “Porsche SE is clearly on track for success”

Annual General Meeting in Stuttgart / very good business development of Porsche and Volkswagen investments / proposed dividend of 50 cents per preference share

Stuttgart, 17 June 2011. Porsche Automobil Holding SE (Porsche SE) is continuing to benefit from the very good business development of its Volkswagen and Porsche investments. In the first three months of the fiscal year 2011, profit after tax totaled 691 million euro. Already in the short fiscal year 2010, from 1 August to 31 December of the prior year, Porsche SE disclosed profit after tax of 1.29 billion euro. “Porsche SE is clearly on track for success,” Prof. Dr. Martin Winterkorn, CEO of Porsche SE told shareholders at the company’s Annual General Meeting in Stuttgart. Read more