• Jan 27th 2006 at 2:00PM
  • 7
Porsche today reported results for the first half of its July-through-June fiscal year, surprising analysts with stronger than expected results.
First half sales were up 16.8 percent, with revenues up 15 percent. Pre-tax earnings are up 11.3 percent. Cayman, Boxster and 911 sales were all strong.

In the press conference for the earnings announcement, chief executive Wendelin Wiedeking said earnings going forward would remain a priority, despite high costs expected for the development of the new Panamera model line and the joint development with VW of a new hybrid powertrain.

Wiedeking also used the good news as an opportunity to take a shot at critics of the company's investment in VW, saying the company was taking advantage of idle manufacturing capacity elsewhere to build up its own production.

Porsche has the enviable distinction of being the automaker with the highest profit margins in the business.

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    • 1 Second Ago
      • 9 Years Ago

      Dear customer thanks for paying the 1000% mark up on our Porsche products. It has made it possible for us (a company that sells a few thousand cars a year) to buy 20% of the 6th largest automarker in the world, and post record profits.
      • 9 Years Ago
      Wow -- A post about Porsche's earning turned into someone's diatribe on the current US Administration's policies.

      That's relevant here. *rolls eyes*
      • 9 Years Ago
      Wow -- A post about Porsche's earning turned into someone's diatribe on the GM's current troubles.

      That's relevant here. *rolls eyes*
      • 9 Years Ago
      It's good to see a small company that is focused on racing and its customers doing well in a tough market!
      • 9 Years Ago
      I say if you can afford a new Porsche, you don't have to make excuses why you bought one; and you do not complain about how much you paid. Anyone who does, clearly wishes they could afford a Porsche, the envy is obvious. I think it's fair to say, people who buy Porsches don't need others points in these matters, because they are all negative. Porsche owners are trendsetters, not followers. They see the positive, not the negative. Success and Positive thought goes hand and hand.
      • 9 Years Ago
      Of course Porsche's profits are up. Under the Bush administration wealthy Americans have gotten wealthier at a staggering rate. Cars in the upper price ranges are recession and fuel crisis proof. The people who can but cars that cost several times the average person's annual salary don't give a rip about economic indicators or consumer confidence. They care about what the lobbyist for their industry is stuffing into the pockets of the Congressmen on the hill.

      Sorry - I got cynical there...Porsche makes one of the few cars that depreciates so slowly it's almost classified as an investment.
      • 9 Years Ago
      Yeah -- pretty much. And if they can still command that markup, kudos for them.

      Porsche lineup = 5 models
      Gm's lineup = 1494.6 models

      Which one is making money again?