Luxury automaker Porsche AG said Wednesday that revenue
rose almost 15 per cent in the first four months of the year on
strong vehicle sales.
The Stuttgart-based automaker said revenues increased 14.7 per
cent on the previous year to 2.36 billion euros (US$3.51 billion),
as vehicle sales rose 18.4 per cent to 30,700 units overall.
The North American market saw sales increase 13.7 per cent to
The company's fiscal year begins Aug. 1, and the four-month
figures were estimated to the end of November.
The Cayenne sport utility vehicle posted the best increase in the
period, with sales rising 76 per cent to 13,400 vehicles. Sales of
the classic 911, by comparison, were up only 3 per cent to 10,800
Sales of the Boxter, meanwhile, fell by around 17 per cent to
Porsche said it expects its vehicle sales in the fiscal 2008 to
be around the level of the previous year, when it sold 97,515