Arab Today, arab today porsche profit jumps on cayenne sales
Last Updated : GMT 12:02:44
Arab Today, arab today
Arab Today, arab today

Porsche profit jumps on Cayenne sales

Arab Today, arab today

Arab Today, arab today Porsche profit jumps on Cayenne sales

Berlin - Arabstoday

Porsche, the sports-car maker merging with Volkswagen, said first-half operating profit surged 59 per cent on increased demand for the Cayenne sport-utility vehicle. Earnings before interest and taxes advanced to €1.07 billion (Dh5.65 billion) from €675 million a year earlier, the Stuttgart, Germany-based company said in a statement. Six-month revenue rose 19 per cent to €5.22 billion. Backed by VW, Porsche aims to double sales to at least 200,000 cars and SUVs by 2018 by introducing new models and expanding in emerging markets. The maker of the 911 sports car expects to boost deliveries to more than 100,000 this year from 97,000 in 2010, the carmaker reiterated yesterday. Cayenne first-half sales more than doubled to 28,405 vehicles. \"These are excellent results, profit and margin are both above expectations,\" said Juergen Pieper, a Frankfurt-based analyst at Bankhaus Metzler who recommends buying the stock. \"Porsche has excellent products with the Cayenne and Panamera and the overall environment for premium cars is very solid.\" Article continues below Porsche rose as much as €1.98, or 3.7 per cent, to €55.66 and was up 1.6 per cent to €54.56 as of 10:17am in Frankfurt trading. The shares have gained 7 per cent this year, valuing the carmaker at €16.7 billion. To sustain growth, Porsche aims to adjust rollouts to have at least one new product each year, sales chief Bernhard Maier said. The key model in 2011 will be the seventh generation of the 911, which debuts at the Frankfurt motor show next month. The revamped car will be more agile than the current version while selling for about the same €86,000 for the basic model.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today porsche profit jumps on cayenne sales Arab Today, arab today porsche profit jumps on cayenne sales

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today porsche profit jumps on cayenne sales Arab Today, arab today porsche profit jumps on cayenne sales

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday