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Despite the pandemic and the recession… 2021 is the most successful year in the history of the German Porsche

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The company published the results of the most successful year in its history in 2021, said Oliver Blume, CEO of the German luxury sports car company Porsche in Stuttgart.
The company’s turnover increased by 15% to 33.1 billion euros (36.6 billion dollars), thanks to a 27% increase in operating profit, which amounted to 5.3 million euros, and its net profit reached €4 billion, up from €3.2 billion in 2020.

Porsche is well positioned strategically, operationally and financially from the point of view of Lotus Mischke CFO: “This is why we look to the future with confidence and welcome the steps to study the listing of Porsche on the stock exchange. “, he said, adding, “Porsche can therefore improve its size and the level of freedom of its business.”

However, the war in Ukraine is causing concern and Porsche announced earlier this month that it would stop operating in Russia.

On the other hand, the German company intends to convert its Boxster 718 to an exclusively electric version from 2025, with the improvement of sales of the Taycan electric sports car it produces.

Volkswagen-owned Porsche said Friday it will also introduce a hybrid version of its famous 911.

Porsche expects electric models to generate the same profits as internal combustion cars within two to three years, the Bloomberg agency quoted Lotus Meschke as saying.

“We have already doubled profitability by more than 10% with the Taycan, and we are working to achieve the same profits as our internal combustion engine cars,” added Mischke.


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