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Report: Porsche makes €21,799 per car

Report: Porsche makes €21,799 per car

Viknesh Vijayenthiran January 22nd, 2007 Viknesh Vijayenthiran By Viknesh Vijayenthiran Author January 22nd, 2007
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December 31st, 1969 Update: Porsche is rejecting the claims made by Germany’s B&D Forecast, pointing out that the computation used is misleading. Porsche cites that part of its profit came from special one-off events that have nothing to do with its core business of building cars. As already reported, a significant portion of Porsche’s profits came from its investment in Volkswagen AG. The company states that it’s dubious to include such special effects into the calculation of its profit made from sales. Original article: A recent study has found that German sports carmaker Porsche earns significantly more in profit from each of its sales than any other car manufacturer in the world. The result was printed in German newspaper Welt am Sonntag, citing a study by B&D Forecast. On average, Porsche earned a massive €21,799 of profit before tax on every vehicle it sold last year. For the last financial year, Porsche sold over 97,000 vehicles and charted a record gain of €2.1 billion in profits before tax. A significant portion of the company’s profits came from increased return from its stake in Volkswagen Group but the Stuttgart carmaker still beats the competition by a significant margin. As far as profits are concerned, the world’s carmakers will be trailing Porsche for some time to come.
Report: Porsche makes €21,799 per car

Report: Porsche makes €21,799 per car

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Update: Porsche is rejecting the claims made by Germany’s B&D Forecast, pointing out that the computation used is misleading. Porsche cites that part of its profit came from special one-off events that have nothing to do with its core business of building cars. As already reported, a significant portion of Porsche’s profits came from its investment in Volkswagen AG. The company states that it’s dubious to include such special effects into the calculation of its profit made from sales.

Original article: A recent study has found that German sports carmaker Porsche earns significantly more in profit from each of its sales than any other car manufacturer in the world. The result was printed in German newspaper Welt am Sonntag, citing a study by B&D Forecast. On average, Porsche earned a massive €21,799 of profit before tax on every vehicle it sold last year.

For the last financial year, Porsche sold over 97,000 vehicles and charted a record gain of €2.1 billion in profits before tax. A significant portion of the company’s profits came from increased return from its stake in Volkswagen Group but the Stuttgart carmaker still beats the competition by a significant margin. As far as profits are concerned, the world’s carmakers will be trailing Porsche for some time to come.

Tags: Industry

Posted in: Porsche, News


Comments (8 total)

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  1. By Renton #1, Posted: 1/22/2007

    Wow. I knew they made a lot, but I never guessed it would be that much.

    That is a big difference.

  2. By jim #2, Posted: 1/22/2007

    When you consider that Porsche is rumored to be buying control of VW you need to realize the money is coming from somewhere.

    Another thing to consider is from a material point of view; leather, metals, plastics etc., and labor, is a Porsche really that more expensive to build than a Miata? Grandted a difference for the quality of the material and some factor for engineering cost.

  3. By ben #3, Posted: 1/22/2007

    Owing a 2nd gen miata, I can say while it's an excellent car, it's definitely got a bit of the parts-bin special aspect to it. What impresses me about Porsche is that they must be doing an excellent job of controlling costs with such a small model lineup.

    The R&D process still has to be very expensive for them. Every year the cars have more trick materials, custom composites, ceramics, etc.

    And the things are built like tanks. Even old 911s are impressively solid.

  4. By Todd Black #4, Posted: 1/22/2007

    Yowza! That's . . . just a stunning figure.

  5. By Gunnar Heinrich #5, Posted: 1/22/2007

    Whose study?

  6. By TechnoPenguin #6, Posted: 1/22/2007

    Yes, it would be nice if we have a solid source to backup this interesting topic

  7. By Gunnar Heinrich #7, Posted: 1/22/2007

    Danke.

  8. By biturbo #8, Posted: 1/23/2007

    The update explains: the 20K figure is just rubbish, the money came from investments.

    But I am sure Porsche still makes tons of money on every one of their overpriced round-mobiles :)

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